Trailer Bridge Files for Chapter 11
Trailer Bridge Inc., which provides high cube container shipping from Florida to Puerto Rico and the Dominican Republic, has filed for bankruptcy.
November 16, 2011Industrial Production Rises in October
Industrial production rose 0.7% in October, led by a gain in automobile output, the Federal Reserve said Wednesday.
November 16, 2011Consumer Price Index Dips 0.1% in October
The consumer price index declined 0.1% in October, the first decrease in four months, the Labor Department said Wednesday.
November 16, 2011Mica Praises Senate but Cites Concern on Highway Bill Approach
House Transportation Committee Chairman John Mica (R-Fla.) has sent a letter to his counterpart in the Senate congratulating her on the introduction of a surface transportation bill but taking issue with her two-year approach.
November 15, 2011Port of L.A. Exports Reach Record
Container volume at the Port of Los Angeles rose 12.3% from a year ago, with exports reaching a record, the port said Tuesday.
November 15, 2011NTSB Rejects Tank Carriers’ Request in Wetlines Case
The National Transportation Safety Board has rejected a request to reconsider its findings in a 1997 fatal accident used to justify stricter wetlines rules.
November 15, 2011Meritor’s 4Q Profit Jumps on Stronger Truck Market
Components maker Meritor Inc. said Tuesday its fiscal fourth-quarter profit jumped from a year ago on a stronger global truck market.
November 15, 2011Icahn Won’t Seek Representation on Navistar’s Board
Investor Carl Icahn, who bought a 9.8% stake in Navistar International Corp. last month, will not seek representation on the company’s board and will vote for Navistar’s board nominees next year.
November 15, 2011Diesel Jumps a Dime to $3.987 a Gallon; Gasoline Gains for First Time in a Month
Diesel jumped a dime to its highest level in almost six months — a national average price of $3.987 a gallon, the Department of Energy reported.
November 15, 2011Purolator Courier, Teamsters Agree on New Pact
Canadian parcel carrier Purolator Courier said it has reached a tentative contract with the Teamsters that covers about 10,000 union members.
November 15, 2011