Intermodal rail traffic in the United States fell 16.6% last week compared with the same week last year, the Association of American Railroads said.
August 14, 2009Business, Government
Consumer Confidence Declines
U.S. consumer confidence fell this month for the second straight month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
August 14, 2009Business, Government
Consumer Price Index Unchanged in July
The consumer price index was unchanged in July, the Labor Department said Friday.
August 14, 2009Business, Safety, Government
Intermodal, Rail Traffic Fall for Week
Business, Government
Second Man Sentenced in Load-Board Fraud
A Los Angeles man has been sentenced to serve more than four years in federal prison and pay $2.7 million in restitution to 300 trucker and broker victims for his part in an Internet load-board scheme that included hacking into the Federal Motor Carrier Safety Administration’s Web site.
August 14, 2009Business, Government
Oil Drops $3 to Close Week Below $68 a Barrel
Oil prices fell more than $3 Friday to below $68 a barrel, a two-week low, following a report that showed consumer confidence fell this month, Bloomberg reported.
August 14, 2009Business, Safety, Government
Trimac Reports Lower 2Q Income
Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or 3 cents per unit, in the second quarter, compared with C$2.6 million, or 9 cents, a year ago,
August 13, 2009Business, Government
Business Inventories Decline in June
Business inventories fell 1.1% in June, marking the 10th consecutive decline, though sales rose, the Commerce Department said Thursday.
August 13, 2009Business, Government
Retail Sales Fall 0.1% in July
Retail sales fell 0.1% in July, the first decline in three months, the Commerce Department said Thursday.
August 13, 2009Business, Government
Import Prices Fall for First Time in Six Months
The price of goods imported to the United States fell 0.7% in July, the first decline in six months, the Labor Department said Thursday.
August 13, 2009Business, Safety, Government
DOT Freight Transport Index Plunges 14.2%
The Department of Transportation’s freight transportation services index fell 14.2% in June from a year earlier, the largest June-to-June decline in the 20 years in which it has been calculated.
August 12, 2009