Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007BusinessGovernment
Consumer Sentiment Index Rises
U.S. consumer confidence rose this month following, according to the University of Michigan’s monthly consumer sentiment index released Friday.
May 18, 2007Business
GM May Sell Medium-Duty Business
General Motors Corp., the largest U.S. automaker, may soon sell its medium-duty truck business, Bloomberg reported.
May 18, 2007Business
Bay St. Louis Bridge Reopens
Two lanes of the U.S. 90 bridge over the Bay of St. Louis in Mississippi reopened Thursday, more than a year and a half after the roadway was destroyed by Hurricane Katrina, the Associated Press reported.
May 18, 2007BusinessGovernment
Philadelphia Factory Index Gains
Manufacturing levels in the Philadelphia area rose this month, the Federal Reserve Bank of Philadelphia said Thursday.
May 17, 2007BusinessSafety
Rail, Intermodal Freight Decline
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said Thursday.
May 17, 2007BusinessGovernmentEquipment
Truckers Sue Wal-Mart
A federal judge in Arkansas granted class-action status to truck drivers accusing Wal-Mart Stores of using racially discriminatory practices in hiring over-the-road drivers, the Arkansas Democrat-Gazette reported Thursday.
May 17, 2007BusinessTechnologyGovernmentLogistics
CP Workers Begin Strike
About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.
May 17, 2007GovernmentBusiness
April Economic Indicators Decline
An index of leading economic indicators fell in April, the New York-based Conference Board said Thursday.
May 17, 2007BusinessSafety
Calif. Ramp Fix Ahead of Schedule
The freeway ramp to Interstate 880 that collapsed after an April 29 gasoline-tanker accident last month is expected to be rebuilt by Memorial Day next weekend, ahead of schedule, the San Francisco Chronicle reported.
May 17, 2007