Intermodal rail traffic in the United States fell 16.6% last week compared with the same week last year, the Association of American Railroads said.
August 14, 2009BusinessGovernmentSafety
Investor to Acquire 80% Stake in Gainey Reorganization Plan
Gainey Corp., a Michigan fleet seeking to emerge from bankruptcy, has reached agreement with lenders and unsecured creditors on a plan to give an 80% holding in the reorganized company to Arizona investor Najafi Companies.
August 17, 2009BusinessGovernmentSafetyFuel
Diesel Rises 7.5垄 to $2.625
The average retail price of a gallon of diesel in the United States rose 7.5 cents last week to $2.625, the highest level this year, the Energy Department reported.
August 17, 2009BusinessGovernment
Consumer Confidence Declines
U.S. consumer confidence fell this month for the second straight month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
August 14, 2009BusinessGovernment
Consumer Price Index Unchanged in July
The consumer price index was unchanged in July, the Labor Department said Friday.
August 14, 2009BusinessGovernment
Second Man Sentenced in Load-Board Fraud
A Los Angeles man has been sentenced to serve more than four years in federal prison and pay $2.7 million in restitution to 300 trucker and broker victims for his part in an Internet load-board scheme that included hacking into the Federal Motor Carrier Safety Administration鈥檚 Web site.
August 14, 2009BusinessGovernment
Oil Drops $3 to Close Week Below $68 a Barrel
Oil prices fell more than $3 Friday to below $68 a barrel, a two-week low, following a report that showed consumer confidence fell this month, Bloomberg reported.
August 14, 2009BusinessSafetyGovernment
Trimac Reports Lower 2Q Income
Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or聽3 cents per unit, in the second quarter, compared with C$2.6 million, or聽9 cents, a year ago,
August 13, 2009BusinessGovernment
Business Inventories Decline in June
Business inventories fell 1.1% in June, marking the 10th consecutive decline, though sales rose, the Commerce Department said Thursday.
August 13, 2009BusinessGovernment
Retail Sales Fall 0.1% in July
Retail sales fell 0.1% in July, the first decline in three months, the Commerce Department said Thursday.
August 13, 2009