Oil Falls for Fourth Day, Finishing Week Near $89 a Barrel
Oil fell for the fourth straight day Friday, slipping 48 cents to closing the week at $89.11 a barrel, Bloomberg reported.
January 21, 2011Heartland’s Earnings Improve for 4Q, Year
Heartland Express said its fourth-quarter and full-year profit rose from the year-ago periods.
January 21, 2011Report Cites Congestion’s Cost to Trucking
The cost of U.S. traffic congestion has jumped to $115 billion in 2009 from $24 billion in 1982, and trucks are shouldering a disproportionate share of the cost, according to a report released this week.
January 21, 2011Intermodal Traffic Rises 5.8% for Week
Intermodal traffic rose 5.8% last week compared with a year ago, though trailer traffic was down slightly, the Association of American Railroads reported.
January 21, 2011Intermec Acquires Warehouse Tech Firm
Supply chain technology firm Intermec Inc. said it will acquire Vocollect Inc., a warehouse technology firm focused on voice-enabled products.
January 21, 2011Covenant to Report Fourth-Quarter Profit
Covenant Transportation Group said it will report a fourth-quarter 2010 profit of 3 to 7 cents per share, topping its performance in the year-ago quarter.
January 20, 2011Existing Home Sales Jump 12% in December
Existing home sales rose 12% in December, the National Association of Realtors said Thursday.
January 20, 2011Leading Economic Indicators Jump in December
An index of leading economic indicators increased in December, the six consecutive monthly increase, the New York-based Conference Board said Thursday.
January 20, 2011Philadelphia Manufacturing Expands in January
Manufacturing activity in the Philadelphia region slipped but still showed expansion for a fourth straight month, the Federal Reserve Bank of Philadelphia said Thursday.
January 20, 2011Union Pacific’s 4Q Profit Jumps 41%
Union Pacific Corp.’s fourth-quarter profit 41% on higher volume, the railroad said Thursday.
January 20, 2011