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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, 2009

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, 2009

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, 2009

Intermodal Traffic Takes Big Quarterly Drop

Intermodal trailer traffic fell 26.9% in the second quarter of 2009, the Intermodal Association of North America reported.

August 12, 2009

Contrans’ Second-Quarter Income Falls

Canadian firm Contrans Income Fund said that its second-quarter profit was C$6.2 million, or 20 cents per unit, down from C$10.2 million, or 35 cents, a year ago.

August 12, 2009

Accuride Reports 2Q Loss on Soft Demand

Commercial vehicle component maker Accuride Corp. said it lost $36.1 million, or $1 per share, in the second quarter, compared with a profit of $3.4 million, or 10 cents, a year ago.

August 13, 2009

Ritchie Bros.’ Second-Quarter Income Dips

Ritchie Bros. Auctioneers earned $38.8 million, or 37 cents per share, in the second quarter, compared with $45.9 million, or 43 cents, a year ago.

August 12, 2009

DHL Fined $9.4 Million for Embargo Violations

DHL Express will pay the U.S. government $9.4 million in fines to settle a dispute that it made shipments to Iran, Sudan and Syria in violation of U.S. embargoes, the Associated Press reported.

August 12, 2009

Fed Again Holds Interest Rate at Record Low

The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range†of zero to 0.25%.

August 12, 2009

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