FedEx’s 4Q Profit, Revenue Improve
FedEx Corp.’s fourth-quarter profit increased from a year ago on higher package volume and an improving economy, the company said Wednesday.
June 16, 2010Industrial Production Takes Biggest Gain Since August
Industrial production rose 1.2% in May, marking the biggest gain in nine months, led by automobiles and utilities, the Federal Reserve said Wednesday.
June 16, 2010Housing Starts Decline 10% in May
Housing starts fell in May following the expiration in April of a home sales tax credit, the Commerce Department said Wednesday.
June 16, 2010Producer Price Index Drops 0.3%
Prices paid to U.S. producers decreased 0.3% in May, the Labor Department said Wednesday.
June 16, 2010Construction Firms Lose $23 Billion from Congestion, AGC Finds
U.S. construction firms are facing an estimated $23 billion a year in additional costs due to traffic congestion, according to a survey released by the Associated General Contractors of America.
June 16, 2010Scania Expands Dealerships in Iraq
Swedish truck maker Scania AB opened its second dealership in Iraq and seeks to start another one this year as the country’s reconstruction spurs demand, Bloomberg reported.
June 16, 2010Senators Introduce Bill to Curb Broker Fraud
A pair of Senators introduced legislation Tuesday aimed at curbing the fraud by unscrupulous freight brokers.
June 15, 2010Arizona Hopes Dust Storms Shutting I-40 Have Ended
Arizona transportation and public safety officials said they hope whatever caused severe dust storms that closed a stretch of Interstate 40 at least 10 times in the past two months has run its course.
June 15, 2010Groups Concerned About Ariz.’s Rest Area Commercialization
A coalition of truck stops, restaurant franchises and other businesses have expressed opposition to Arizona’s proposal to stem budgetary shortfalls by commercializing the state’s interstate rest areas.
June 15, 2010Port of Long Beach Reports Fewer Emissions
Air pollution at the Port of Long Beach, Calif., declined in 2009 for the third consecutive year, and diesel particulate matter has fallen more than 50% since 2005, in part because of the port’s clean truck program, port officials said
June 15, 2010