California Bonds Will Help Boost Freight Movement
A $3 billion slate of highway, rail and seaport improvements approved for funding by the California Transportation Commission includes $825 million for 14 projects in Northern California, the San Francisco-area Metropolitan Transportation Commission said.
April 11, 2008Consumer Confidence Falls to 26-Year Low
U.S. consumer confidence fell to a 26-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
April 11, 2008Import Prices Jump 2.8% in March
The price of goods imported to the United States jumped 2.8% in March, the Labor Department said Friday.
April 11, 2008U.S. Exporters Facing Container Shortages
Many U.S. companies seeking to export their goods are facing shortages of containers to ship them, the Wall Street Journal reported Thursday.
April 10, 2008Bruce Carlton Named NITL President
The National Industrial Transportation League said Bruce Carlton will become the group’s president on June 1. He will succeed interim president Annette Sandberg.
April 10, 2008U.S. Trade Deficit Widens in February
The U.S. trade deficit jumped 5.7% in February, as an increase in imports topped the highest gain in exports in a year, the Commerce Department said Thursday.
April 10, 2008Roadway Launches Expedited Ocean Service from China
YRC Worldwide unit Roadway has launched an expedited ocean service from China to the United States, the company said.
April 10, 2008Oil Closes at New Record High
Oil closed Wednesday at a record high price of $110.87 a barrel, after earlier topping $112 for the first time in intraday trading, the Associated Press reported.
April 9, 2008DOT Transport Index Rises 2.7%
The Department of Transportation’s freight transportation services index for February rose 2.7% from a year earlier, DOT said Wednesday.
April 9, 2008Wholesale Inventories Gain 1.1%
Wholesale inventories rose 1.1% in February, the Commerce Department said Wednesday.
April 9, 2008