Business

U.S. intermodal rail traffic fell 10.1% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.

Consumer personal spending dropped in September for the first time in five months, the Commerce Department said Friday.

Truckload carrier and logistics firm P.A.M. Transportation Services reported a third-quarter loss of $1.2 million, or 13 cents per share, compared with a loss of $3.2 million, or 33 cents, a year ago.

I agree — the economy is bad. Now let’s go out there and make some profit. As excess capacity continues to plague the less-than-truckload segment of the trucking industry with reduced revenues and profits, transportation executives are increasingly frustrated.

With National Truck Driver Appreciation Week approaching, American Trucking Associations is extending the deadline until Nov. 7 for submissions for its video contest on why professional truck drivers are essential to the U.S. economy.

The U.S. economy expanded at a 3.5% annual rate in the third quarter, marking the first increase in a year, the Commerce Department said Thursday.

Initial jobless claims fell by 1,000 to 530,000 last week, while continuing claims fell to the lowest level in seven months, the Labor Department said Thursday.

Kansas City Southern said Thursday it earned $25.8 million, 27 cents a share, in its third quarter, compared with $48.9 million, or 52 cents, a year ago.

Goodyear Tire & Rubber Co.’s third-quarter profit more than doubled, though the company forecast an operating loss for its North American market this year.