Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
September 19, 2008Business
Oil Jumps $6 to Close Week Over $104 a Barrel
Oil jumped more than $6 Friday to close the trading week at $104.55 a barrel on the New York Mercantile Exchange, Bloomberg reported.
September 19, 2008GovernmentBusinessSafetyFuel
FedEx’s 1Q Profit Slips 22%; Express Unit to Boost Rate 4.9%
FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.
September 18, 2008Business
YRC Worldwide Names Timothy Wicks CFO
YRC Worldwide Thursday named Timothy Wicks its Chief Financial Officer, effective Oct. 13.
September 18, 2008BusinessLogistics
Dynamex Reports Improved 4Q Profit; Seeks New CEO
Logistics and delivery firm Dynamex Inc. reported an improved fiscal fourth-quarter profit and said it was searching for a new chief executive officer.
September 18, 2008BusinessGovernment
Philadelphia Manufacturing Index Shows Expansion
Manufacturing levels in the Philadelphia region improved and moved into positive territory this month, the Federal Reserve Bank of Philadelphia said Thursday.
September 18, 2008Business
New I-35W Bridge Opens in Minneapolis
The new Interstate 35W bridge opened Thursday in Minneapolis, a little more than a year after the previous bridge collapsed into the Mississippi River, the Associated Press reported.
September 18, 2008GovernmentBusiness
Leading Economic Indicators Decline
An index of leading economic indicators fell 0.5% in August, the New York-based Conference Board said Thursday.
September 18, 2008Business
Jobless Claims Rise 10,000 for Week
Initial jobless claims rose by 10,000 last week to 455,000, the Labor Department said Thursday.
September 18, 2008GovernmentBusinessFuel
Crude Settles Below $100 a Barrel
Oil prices remained under $100 a barrel Thursday after earlier rising over $102, Bloomberg reported.
September 18, 2008