For a seventh straight time, the Federal Reserve Wednesday voted to keep the benchmark U.S. interest rate at 5.25%.
May 9, 2007Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
CSX to Buy Back $1 Bln. in Stock
Eastern freight railroad CSX Corp. said Tuesday it will repurchase an additional $1 billion in its stock, boost its dividend 25% and make significant capital expenditures over the next four years, the Associated Press reported.
May 8, 2007Quality Reports 1Q Loss
Tank truck carrier Quality Distribution reported a first-quarter loss of $95,000 or zero cents a share, compared with earning $4.5 million or 23 cents a year ago.
May 8, 2007Atlas Air Turns 1Q Profit
Air cargo company Atlas Air Worldwide Holdings said it earned $6.2 million or 29 cents a share in the first quarter, turning around a loss of $3.7 million or 18 cents a year ago.
May 8, 2007TMW Cites First-Quarter Upturns
Trucking software provider TMW Systems said it was “pleased” with its first-quarter financial performance and production output.
May 14, 2007Senate Panel Sets Mileage Bill To Include Heavy Trucks
A Senate panel approved a measure that would boost automobile fuel-economy standards and set mileage standards for heavy trucks for the first time, the Wall Street Journal reported Wednesday.
May 9, 2007Midwest Sees Extensive Flooding
Heavy rains from an already deadly storm system caused extensive floods in Missouri as Midwest waterways rose to levels not seen in 14 years, the Associated Press reported Tuesday.
May 8, 2007Wholesale Sales Jump 1.8%
Sales at U.S. wholesalers jumped 1.8% in March, the fastest pace in a year and a half, the Commerce Department said Tuesday.
May 8, 2007Diesel Price to Drop, DOE Says
Retail diesel prices for 2007 will peak this month at $2.92 a gallon before gradually declining every month through the end of the year, the Department of Energy said.
May 8, 2007Opinion: Interface With Disaster
This Opinon Piece appears in the May 7 print edition of Transport Topics. Click here to subscribe today.
May 9, 2007