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Housing Starts Rise; Permits Plunge

Housing starts rose for a third straight month in April but building permits fell to a 10-year low, the Commerce Department said Wednesday.

May 16, 2007

CP Workers Begin Strike

About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.

May 17, 2007

Oil Closes Week Near $65 a Barrel

Crude oil futures for a second day closed just short of $65 a barrel on Friday, following a jump of more than $2 on Thursday, Bloomberg reported.

May 18, 2007

Kitty Hawk Posts 1Q Loss

Air cargo transporter Kitty Hawk Inc. said it lost $11.6 million or 22 cents a share in the first quarter, compared with a loss of $8.7 million or 17 cents a year ago.

May 16, 2007

Real ID Rule Would Hurt Trucking, ATA Says

American Trucking Associations said a draft rule issued by the Department of °®¶¹´«Ã½land Security making state and commercial driver licenses subject to more stringent security checks would further co

May 16, 2007

Deutsche Post’s Earnings Rise

Deutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 4%, due to lower costs and higher prices for its U.S. express unit’s services, Bloomberg reported.

May 15, 2007

N.Y. Manufacturing Index Gains

Manufacturing growth in New York rose this month, the Federal Reserve Bank of New York said Tuesday.

May 15, 2007

CPI Rises 0.4% in April

The consumer price index rose 0.4% in April, the Labor Department reported Tuesday.

May 15, 2007

House Delays Mexican-Trucks Plan

The House voted overwhelmingly Tuesday to delay a Department of Transportation plan to allow Mexican trucks full access to U.S. highways, the Associated Press reported.

May 16, 2007

Canada Cartage’s Revenue Rises

Canada Cartage said Monday its first-quarter revenue rose 5.5% to C$78.2 million from a year ago.

May 14, 2007