Surface transportation trade among the United States, Canada and Mexico plunged 30.9% in February from a year earlier, the biggest year-to-year decline on record, the Department of Transportation said Thursday.
April 30, 2009Business, Safety, Government
NAFTA Trade Falls 30.9% in Record Decline
Government, Business
Personal Spending Declines 0.2%
Consumer personal spending fell in March after two months of growth, the Commerce Department said Thursday.
April 30, 2009Government, Business, Safety, Fuel
Oil Rises to $51 a Barrel
Oil closed the trading day Wednesday near $51 a barrel on the New York Mercantile Exchange following an Energy Department report that showed gasoline inventories declined last week, Bloomberg reported.
April 29, 2009Business, Safety, Government, Logistics
Mullen鈥檚 First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009Government, Business
First-Quarter GDP Shows 6.1% Contraction
The U.S. economy contracted at an annual rate of 6.1% rate in the first quarter, following the 6.3% downturn in the fourth quarter of last year, the Commerce Department said Wednesday.
April 29, 2009Government, Business, Safety
Judge to Block SoCal Ports鈥 Concession Plans
A federal judge said she will block the concession plans at the ports of Los Angeles and Long Beach, including L.A.鈥檚 requirement that truck drivers be trucking company employees and not contractors, the Associated Press reported.
April 28, 2009Business, Government
Going 鈥楪reen鈥 Can Offer Dealers Financial Benefits, Panelists Say
OXON HILL, Md. 鈥 Truck dealers and their fleet customers who feel forced to concern themselves with government environmental regulations should consider embracing the subject, as 鈥済reen鈥 issues carry increasing weight with the shipping business community and conservation can lead to better profitability, said panelists at a dealer workshop here.
April 28, 2009Government, Business
Consumer Confidence Jumps in April
Consumer confidence jumped in April to the highest level since November, the Conference Board said Tuesday.
April 28, 2009Fuel, Business, Logistics, Government
Diesel Drops 2垄 to $2.201
The national average price of diesel fuel fell for a second straight week, dropping 2 cents to $2.201 a gallon, the Department of Energy said Monday.
April 28, 2009Government, Business, Safety
Daimler Reports Loss for First Quarter
Daimler AG said Tuesday it lost $1.68 billion in the first quarter, compared with a profit of $1.73 billion a year ago, the Associated Press reported.
April 28, 2009