Shipping demand and volumes continued to fall as the U.S. economy further deteriorated at the start of this year, the Federal Reserve said.
March 4, 2009Search
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Estes Launches Mexican Logistics Subsidiary
Estes Express Lines said Tuesday that it has launched a Mexican third-party logistics subsidiary, Estes Logistica.
March 3, 2009Medallion Logistics Is Created to Offer Trucking, Brokerage
Gary Weilheimer and Tom Tranovich, who have more than 40 years combined transportation experience, said they are opening linked non-asset-based businesses to serve the logistics industry.
March 3, 2009ISM Services Index Continues Contraction
The U.S. economy’s service sector contracted in February, at a faster pace than the previous month, the Institute for Supply Management said Wednesday.
March 4, 2009Obama Releases Billions for Infrastructure Projects
President Obama released billions of federal dollars Tuesday for public works infrastructure projects to spur job growth and help revive the U.S. economy, Bloomberg reported.
March 4, 2009U.S. Auto Sales Fall to 27-Year Low
February U.S. automobile sales fell to the lowest rate in more than 27 years, led by a 53% plunge for General Motors Corp., Bloomberg reported.
March 4, 2009Daimler Dedicates Freightliner Plant in Mexico
SALTILLO, Mexico — Daimler Trucks dedicated its $300 million Freightliner plant here Feb. 27, as Mexican President Felipe Calderon joined company officials to formally launch the 1.3 million-square-foot facility.
March 4, 2009December NAFTA Surface Trade Plunges 13.1%
Surface trade among the United States, Canada and Mexico plunged 13.1% in December from a year earlier, to $52.9 billion, the Department of Transportation said Tuesday.
March 3, 2009ISM Factory Index Shows Slight Increase
U.S. manufacturing activity showed a slight increase in January but still showed contraction, the Institute for Supply Management said.
March 3, 2009Construction Spending Falls 3.3%
Construction spending fell 3.3% in January, the Commerce Department said Monday.
March 3, 2009