A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.May 10, 2007
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
The price of goods imported to the United States rose 1.3% in April in a third straight gain, the Labor Department said Thursday.May 10, 2007
Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.May 10, 2007
Crude oil futures prices fell to their lowest level in seven weeks Wednesday following an Energy Department report that showed inventories rose last week.May 9, 2007
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For a seventh straight time, the Federal Reserve Wednesday voted to keep the benchmark U.S. interest rate at 5.25%.May 9, 2007
Sen. Barbara Boxer (D-Calif.) has asked the Department of Homeland Security to come up with stronger guidelines for truckers who transport gasoline and other hazardous materials, the Associated Press reported.May 9, 2007
By Neil Abt, News Editor
This story appears in the May 7 print edition of Transport Topics. Click here to subscribe today.May 9, 2007
These letters appear in the May 7 print edition of Transport Topics. Click here to subscribe today.May 9, 2007
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its first-quarter net income declined from a year ago.May 9, 2007