Union Pacific’s 3Q Income Rises, CSX’s Slips
Two of the largest U.S. freight railroads reported third-quarter results, with intermodal revenue rising at both companies.
October 18, 2012Leading Economic Indicators Post Biggest Gain in Seven Months
An index of leading economic indicators rose 0.6% in September, the most in seven months, the New York-based Conference Board said Thursday.
October 18, 2012Philadelphia Manufacturing Index Rises
Manufacturing activity in the Philadelphia region expanded in October, the Federal Reserve Bank of Philadelphia said Thursday.
October 18, 2012Initial Jobless Claims Rise for Week
Initial jobless claims increased by 46,000 last week, the Labor Department said Thursday.
October 18, 2012Werner’s Third-Quarter Profit Slips
Werner Enterprises said its third-quarter net income fell 15% from a year ago due to softer freight demand and higher expenses.
October 18, 2012Meritor Axles Named Standard Equipment on Wabash Trailers
Component maker Meritor Inc. said Wednesday that Wabash National has selected Meritor trailer axles to be standard equipment on all Wabash trailers.
October 17, 2012Norfolk Southern Opens Alabama Intermodal Terminal
Norfolk Southern said it has opened a new intermodal facility in McCalla, Ala., to serve as part of an intermodal freight rail route between the Gulf Coast and the Northeast.
October 17, 2012Housing Starts Jump 15% to Four-Year High
Housing starts rose 15% in September to the highest level in four years, the Commerce Department said Wednesday.
October 17, 2012Marten’s 3Q Profit Improves
Marten Transport said its third-quarter profit rose on higher truckload and logistics revenue.
October 17, 2012LaHood May Stay on if Obama Re-Elected
Transportation Secretary Ray LaHood seems to be keeping the door open to a second Cabinet term after insisting last year he would not stay on if President Obama were re-elected.
October 16, 2012