Intermodal Traffic Rises 3% for Week
U.S. intermodal traffic rose 3% for the week ended Saturday from a year ago, the Association of American Railroads said.
May 11, 2012Producer Price Index Falls for First Time in Four Months
Prices paid to U.S. producers fell in April for the first time in four months, the Labor Department reported Friday.
May 11, 2012Caterpillar Selling Majority Stake in Logistics Unit
Heavy-equipment maker Caterpillar Inc. said it is selling a majority stake in its third-party logistics business to Platinum Equity for $750 million.
May 10, 2012Oil Rises to Over $97 a Barrel
Oil rose for the first time in more than a week Thursday, gaining 27 cents to just over $97 a barrel, after falling for six straight trading days, Bloomberg reported.
May 10, 2012FedEx to Buy French Delivery Firm
FedEx Corp. said Thursday it will acquire French express-delivery company Tatex as it pursues European growth through small deals and expansion of existing businesses.
May 10, 2012U.S. Trade Deficit Jumps 14%
The U.S. trade deficit jumped by 14% in March as imports rose, the Commerce Department said Thursday.
May 10, 2012Weekly Jobless Claims Fall by 1,000
Initial jobless claims fell last week to the lowest level in a month, the Labor Department said Thursday.
May 10, 2012Clean Energy’s 1Q Loss Widens on One-Time Charge
Clean Energy Fuels Corp. reported its first-quarter loss widened, in part due to one-time costs.
May 10, 2012DOT Freight Transportation Index Improves
The Department of Transportation’s freight transportation services index rose 0.8% in March from the same month last year, DOT said Wednesday.
May 9, 2012Wabash Buys Bulk-Trailer Maker Walker Group
Trailer manufacturer Wabash National Corp. said it has completed its previously announced acquisition of Walker Group Holdings.
May 9, 2012