Obama Calls for Transportation Investment in Speech on Jobs Plan
President Obama called on Congress to pass a $447 billion job-creation plan, including investments in road and bridge construction, in a speech Thursday evening.
September 9, 2011Cummins to Sell Light-Duty Filtration Business
Truck engine manufacturer Cummins Inc. announced that it has agreed to sell its light-duty filtration operations to an equity investment firm, Industrial Opportunity Partners. Terms were not disclosed.
September 9, 2011Weekly Intermodal Traffic Slips 1.3%
Intermodal traffic fell 1.3% for the week ended Saturday from a year ago, led by a decline in trailer traffic, the Association of American Railroads said.
September 9, 2011DOE Boosts Diesel Price Forecast 2¢ to $3.85
The Department of Energy boosted its 2011 diesel price forecast by 2 cents, to $3.85 a gallon, and raised its gasoline price projection 3 cents, to $3.56, but lowered its projections for 2012.
September 8, 2011U.S. Trade Deficit Narrows 13.1%
The U.S. trade deficit narrowed 13.1% in July to $44.8 billion, a three-month low, as exports rose and oil imports declined, the Commerce Department said Thursday.
September 8, 2011Initial Jobless Claims Edge Up 2,000 for Week
Initial jobless claims increased by 2,000 last week to 414,000, the Labor Department said Thursday.
September 8, 2011Oil Holds Over $89 a Barrel
Oil held just over $89 a barrel Thursday in advance of the Department of Energy’s weekly report on crude, diesel and gasoline inventories, Bloomberg reported.
September 8, 2011Heavy Rains Force Road and Bridge Closures in Northeast
Heavy rains are flooding northeastern states, forcing road and bridge closures in New Jersey, upstate New York and Pennsylvania, where as many as 100,000 people around Harrisburg and Wilkes-Barre are being evacuated along the Susquehanna River.
September 8, 2011XPO Logistics Acquired by Equity Firm
Third-party logistics company XPO Logistics, formerly known as Express-1 Expedited Solutions, said its acquisition by an equity firm is complete.
September 8, 2011Purolator International to Expand in U.S.
Canadian express courier Purolator International will open 10 new offices during 2011, doubling its presence in the United States.
September 8, 2011