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The Federal Reserve said Wednesday that its 12 district banks reported a moderate pace of growth and inflation late last year as labor markets tightened, and several regional banks reported softer trucking demand.

Crude oil prices plunged to below $50 a barrel Thursday following a Department of Energy report that showed stronger inventories of crude oil, gasoline and distillates, which include diesel.

Manufacturing levels in the Philadelphia area improved this month as orders and sales improved, the Federal Reserve Bank of Philadelphia said Thursday.

The average national retail price of diesel fuel fell 7.4 cents to $2.463 a gallon, the Department of Energy reported Tuesday.

Con-way Freight and APL Logistics said Wednesday they are adding four new Asian ports to the OceanGuaranteed less-than-container-load cargo service to the United States they started last summer.

Canadian transportation firm Mullen Group Income Fund’s co-chief executive officer, Pat Powell, tendered his resignation, the company said late Tuesday.

to write a Letter to the Editor.
As I review crash-related death and injury reports year after year, I am astounded by the tolerance of the American people for the mayhem on our highways. In 2005, an average of some 119 people died each day in motor vehicle crashes — one every 12 minutes — for a total of 43,443 people.

U.S. Customs and Border Protection is developing a commercial trade processing system — the Automated Commercial Environment — designed to facilitate legitimate cross-border trade while strengthening border security.

The producer price index rose 0.9% in December, the Labor Department reported Wednesday.

In their first days as Congress’ new majority, Democrats on Capitol Hill introduced legislation calling for greater cargo screening and tracking of hazardous materials shipments.