Intermodal rail traffic fell 20.1% last week compared with the same week last year, the Association of American Railroads said.
June 12, 2009BusinessGovernment
Import Prices Rise 1.3%
The price of goods imported to the United States rose for a third straight month in May as oil prices continued to increase, the Labor Department said Friday.
June 12, 2009BusinessGovernment
Business Inventories Fall 1.1% in April
Business inventories fell 1.1% in April, the eighth consecutive decline, the Commerce Department said Thursday.
June 11, 2009GovernmentBusinessSafety
Oil Rises Over $72 a Barrel
Oil rose past $72 a barrel in after-hours trading Wednesday for the first time in seven months, Bloomberg reported.
June 11, 2009Business
Initial Jobless Claims Fall to 601,000
Initial jobless claims fell by 24,000 last week, the Labor Department said Thursday.
June 11, 2009BusinessGovernment
Retail Sales Increase 0.5%, Commerce Says
Retail sales climbed 0.5% in May, the first increase in three months, the Commerce Department said Thursday.
June 11, 2009BusinessSafetyGovernmentLogistics
Echo Acquires Raytrans Distribution
Echo Global Logistics said that it has acquired Raytrans Distribution Services, a transportation brokerage firm.
June 10, 2009BusinessGovernment
Fed ‘Beige Book’ Notes Some Signs of Recovery
The Federal Reserve said Wednesday that the while the U.S. economy is still slowing in almost half of its regions, some companies’ outlooks are improving even though a weak labor market persists.
June 10, 2009BusinessLogistics
Dept. of Labor to Fund Texas Logistics Training Program
A grant by the Department of Labor will soon fund a production and supply chain logistics training program in Fort Worth, Texas, the Dallas Business Journal reported.
June 10, 2009BusinessSafetyGovernment
DOT Freight Index Falls 8.5% in April
The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009