Rail and intermodal traffic both plunged for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
June 19, 2008BusinessGovernment
Philadelphia Manufacturing Index Declines
Manufacturing levels in the Philadelphia region declined this month, continuing to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.
June 19, 2008GovernmentBusiness
Leading Indicators Rise for Second Straight Month
An index of leading economic indicators improved in May, the second straight increase, the New York-based Conference Board said Thursday.
June 19, 2008Business
Initial Jobless Claims Fall for Week
Initial jobless claims fell 5,000 last week, the Labor Department said Thursday.
June 19, 2008BusinessSafety
Volvo Chief Holds to Gloomy North American Forecast
The chief executive officer of truck maker Volvo AB said that the North American market this year is on course to come in flat with lackluster 2007 levels, news services reported.
June 19, 2008BusinessFuel
L.A. Council Approves Port’s Clean Truck Plan
The Los Angeles City Council has approved to a plan requiring all truck drivers at the Port of Los Angeles to be employed by a trucking company within five years, the Los Angeles Times reported Wednesday.
June 18, 2008GovernmentBusinessSafety
Ontario to Require 65-MPH Speed Limiters on Trucks
The Ontario Legislature passed a measure Monday requiring speed limiters on large trucks that would cap speeds at 105 kilometers per hour, the equivalent of 65.2 miles per hour, the Ontario Transportation Ministry said.
June 18, 2008Business
UPS Takes Control of Korean Venture
UPS Inc. said Wednesday that it has signed agreement with Korea Express Co. Ltd. to acquire KEC’s interest in the companies’ joint venture company in Seoul, South Korea.
June 18, 2008BusinessFuelGovernment
Bush Calls for More U.S. Oil Exploration
President Bush said Wednesday that Congress should allow for expanded U.S. offshore oil drilling and called for opening up more areas for domestic energy exploration.
June 18, 2008GovernmentBusiness
Roadway Sets New Custom Pickup and Delivery Service
YRC Worldwide unit Roadway Express said Wednesday it has launched a new specialized pickup and delivery service.
June 18, 2008