Rail carload and intermodal freight fell for the week ended Saturday compared with a year ago, the Association of American Railroads said.
June 21, 2007Search
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Jobless Claims Rise 10,000 for Week
Initial jobless claims rose by 10,000 last week at 324,000, the Labor Department said Thursday.
June 21, 2007Oil Falls as Inventories Gain
Crude oil fell back by almost $1 a barrel following an Energy Department report that showed oil inventories jumped much higher than expectations last week, Bloomberg reported.
June 21, 2007Philadelphia Factory Index Rises in June
Manufacturing levels in the Philadelphia area rose this month, the Federal Reserve Bank of Philadelphia said Thursday.
June 21, 2007Daimler, Fiat Set Engine Technology Pact
Europe-based vehicle makers DaimlerChrysler and Fiat have signed an agreement calling for strategic cooperation to provide Daimler鈥檚 truck group with engine and powertrain technology from Fiat, the Associated Press reported.
June 20, 2007Senate Authorizes Lawsuits Against OPEC
The Senate approved legislation late Tuesday that would allow the federal government to sue OPEC oil cartel nations under antitrust laws, Bloomberg reported.
June 20, 2007ACS Sets Driver Recruitment, Retention Technology
Affiliated Computer Services said it has launched today announced the launch an automated recruitment and retention application for the transportation industry.
June 20, 2007Senate Panel Backs Alternative Fuel Tax Breaks
A Senate committee approved $28 billion in tax breaks Tuesday to underwrite renewable fuels and 鈥渃lean coal鈥 technology, but the full Senate cut back provisions that would greatly expand diesel fuel made from coal, the New York Times reported.
June 20, 2007FTC Clears $7.4 Billion Chrysler Sale
Federal antitrust regulators cleared a private-equity firm鈥檚 $7.4 billion purchase of Chrysler from DaimlerChrysler, the Associated Press reported.
June 20, 2007FedEx鈥檚 4Q Earnings Rise 7%
FedEx Corp. said Wednesday its fiscal fourth-quarter profit rose 7% to $610 million or $1.96 per share, from $568 million or $1.82 a year earlier.
June 20, 2007