Intermodal traffic fell last week for the first time in a year, largely due to winter storm disruptions, the Association of American Railroads reported.
February 11, 2011BusinessGovernmentLogistics
Consumer Confidence Hits Eight-Month High
Consumer confidence rose to an eight-month high this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 11, 2011BusinessLogistics
Express-1 Reports Improved 4Q Profit
Express-1 Expedited Solutions’ second-quarter profit rose to $820,000, or 2 cents per share, from $601,000, or 2 cents, a year earlier.
February 11, 2011Business
Iteris Reports Loss for Fiscal 3Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said it had a net loss in its third fiscal quarter.
February 11, 2011Business
U.S. Trade Deficit Widens
The U.S. trade deficit widened for a second straight month in December on higher oil imports, the Commerce Department said Friday.
February 11, 2011BusinessEquipment
Goodyear Posts Loss; Sales Rise as Tire Maker Sees Stronger 2011
Goodyear Tire & Rubber Co. Thursday reported a fourth-quarter loss but projected 3% to 5% growth in tire sales this year and said it would close a Tennessee plant to cut costs.
February 10, 2011Business
Vitran Reports Fourth-Quarter Loss
Vitran Corp. Thursday reported losses for the fourth-quarter and full year, though it posted positive income from operations for 2010.
February 10, 2011Business
Wholesale Inventories Rise 1%
Wholesale inventories rose 1% in December, the Commerce Department said Thursday.
February 10, 2011Business
Initial Jobless Claims Fall for Week
Initial jobless claims dropped by 36,000 last week, the Labor Department said Thursday.
February 10, 2011Business
Pacer Reports 4Q Loss, Full-Year Profit; Sees Intermodal Growth in 2011
Pacer International reported a fourth-quarter loss but said it turned a profit for the full year.
February 10, 2011