Consumer Confidence Drops to Lowest Level This Year
Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
June 29, 2012Consumer Spending Unchanged in May
U.S. Consumer spending was unchanged in May, the weakest reading since November, the Commerce Department said Friday.
June 29, 2012Congress Reaches Agreement on Highway Bill
Congressional leaders reached tentative agreement on a highway bill, agreeing to maintain current federal transportation levels for 27 months, Bloomberg reported Thursday.
June 28, 2012Manitoulin Acquires Can-Tran in Bid to Expand in Western Canada
Looking to expand further in western Canada, Manitoulin Global Forwarding, Mississauga, Ontario, said it has acquired Can-Tran International, Leduc, Alberta.
June 28, 2012Roadrunner Sets 6.9% Rate Increase
Following announcement by other less-than-truckload carriers, Roadrunner Transportation Systems said it will implement a 6.9% rate increase, effective July 16.
June 28, 2012Epes Logistics Acquires N.C. Brokerage Firm
Epes Logistics said it bought brokerage firm Meredith Transport, to broaden service offerings of the Epes Carriers’ subsidiary. Terms were not disclosed.
June 28, 2012Weekly Jobless Claims Decline by 6,000
Initial jobless claims fell by 6,000 last week, to 386,000, the Labor Department said Thursday.
June 28, 2012YRC Freight Sets 6.9% Rate Increase
YRC Freight said it is raising its rates 6.9%, following recently announced rate hikes of the same amount by several less-than-truckload competitors.
June 27, 2012Court Upholds EPA on Greenhouse Gas Emissions
A federal appeals court backed the Obama administration's campaign to limit greenhouse-gas emissions, the Wall Street Journal reported Wednesday.
June 27, 2012Oil, Gas Production Curbing U.S. Imports, Journal Reports
Expanded U.S. oil and natural gas production could cut oil imports in half by 2020 and end them by 2035, the Wall Street Journal reported Wednesday.
June 27, 2012