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AutoInfo’s Profit Grows in 2Q

Third-party logistics provider AutoInfo said its second-quarter earnings rose to $1.2 million, or 3 cents a share, from $608,000, or 2 cents, last year.

August 11, 2010

U.S. Trade Deficit Takes Record Jump

The U.S. trade deficit widened by $7.9 billion in June, the biggest increase since records began being kept in 1992, the Commerce Department said Wednesday.

August 11, 2010

Fed Again Holds Interest Rate at Record Low

The Federal Reserve voted for the 14th straight time to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.

August 11, 2010

US 1 Industries’ Second-Quarter Profit Doubles

Logistics firm US 1 Industries said it earned $500,000, or 4 cents a share, in the second quarter, up from $250,000, or 2 cents, a year ago.

August 11, 2010

Trailer Bridge’s 2Q Income Improves

Trailer Bridge Inc. reported its second-quarter profit improved to $900,000, or 7 cents per share, from $650,000, or 5 cents, a year ago.

August 12, 2010

Flooding Closes I-35 in Iowa

Interstate 35 was closed near Ames, Iowa, Wednesday afternoon due to flash flooding, the Des Moines Register reported.

August 11, 2010

Panther Files for Initial Public Offering

Panther Expedited Services said it has filed for an initial public offering with the Securities and Exchange Commission.

August 11, 2010

Productivity Rate Declines in Second Quarter

U.S. workers’ productivity decreased in the second quarter, the first drop since the end of 2008, the Labor Department said Tuesday.

August 10, 2010

Wholesale Inventories Rise in June

Wholesale inventories rose 0.1% in June, while sales fell, the Commerce Department said Tuesday.

August 10, 2010

New Mexico Mulls Closing Some Rest Areas

New Mexico is considering closng 13 of its 32 highway rest areas because of a budget shortfall.

August 10, 2010