Michigan and Canada have signed an agreement to construct the long-awaited second bridge between Detroit and Windsor, Ontario, bypassing the Michigan Legislature, which has for years blocked the project.
June 25, 2012Search
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FedEx’s Quarterly Profits Rise to $634 Mln.On Strong Performance of LTL Division
FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.
June 25, 2012Philadelphia Manufacturing Index Contracts
Manufacturing activity in the Philadelphia region contracted in June, Federal Reserve Bank of Philadelphia said Thursday.
June 21, 2012Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in May, the New York-based Conference Board said Thursday.
June 21, 2012Fed Expanding Bond-Buy Program
The Federal Reserve will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the economy’s expansion, Bloomberg reported.
June 21, 2012ATA Urges FMCSA to Keep Truck Safety Program’s Intent
The federal Compliance, Safety, Accountability program is in danger of turning its focus from its original intent — to reduce truck-related crashes, fatalities and injuries, American Trucking Associations said Thursday.
June 21, 2012ATA Asks CFTC to Curb Oil Speculation
American Trucking Associations sent a letter Tuesday to the Commodities Future Trading Commission asking it to reduce offshore oil speculation that drives up the price of diesel and other end fuels.
June 19, 2012TWIC Holders to Be Offered Three-Year Extensions
Facing long delays in deploying Transportation Worker Identification Credential biometric card readers at U.S. ports, federal officials will soon allow transportation workers to extend their expiring TWIC cards for three years at half the normal enrollment cost.
June 19, 2012Michigan, Canada to Build New Detroit Bridge
Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.
June 15, 2012New York Manufacturing Index Falls
Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.
June 15, 2012