Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 17.8% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said.
May 1, 2009TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
NAFTA Trade Falls 30.9% in Record Decline
Surface transportation trade among the United States, Canada and Mexico plunged 30.9% in February from a year earlier, the biggest year-to-year decline on record, the Department of Transportation said Thursday.
April 30, 2009Cummins’ First-Quarter Profit Plunges
Diesel engine maker Cummins Inc. said Thursday its first-quarter profit plunged and that its engine sales would decline by more than 30% this year.
April 30, 2009Kansas City Southern Reports 1Q Loss
Kansas City Southern said Thursday it lost $7.5 million, 8 cents a share, in its first quarter, compared with a profit of $32.9 million, or 39 cents, a year ago.
April 30, 2009Oshkosh Reports $1.19 Billion 2Q Loss
Specialty truck maker Oshkosh Corp. said Thursday it lost $1.19 billion, or $16.02 per share, in its fiscal second quarter, compared with a profit of $72.6 million, or 97 cents, a year ago.
April 30, 2009Jobless Claims Decline for Week
Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday.
April 30, 2009Personal Spending Declines 0.2%
Consumer personal spending fell in March after two months of growth, the Commerce Department said Thursday.
April 30, 2009Oil Rises to $51 a Barrel
Oil closed the trading day Wednesday near $51 a barrel on the New York Mercantile Exchange following an Energy Department report that showed gasoline inventories declined last week, Bloomberg reported.
April 29, 2009Fed Holds Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
April 29, 2009Mullen’s First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009