Economy Continues to Contract, Fed Says
The U.S. economy continued to decline from the end of February through the beginning of April, affecting transportation industry services and demand, the Federal Reserve said Wednesday.
April 15, 2009Peterbilt Temporarily Shuts Tenn. Truck Plant
Peterbilt Motors Co. temporarily closed its truck plant in Madison, Tenn., which had been idled for 10 months due to a work stoppage over stalled union contract negotiations, the Associated Press reported.
April 15, 2009Consumer Price Index Dips 0.1%
The consumer price index fell 0.1% in March and declined over the past year for the first time in 54 years, the Labor Department said Wednesday.
April 15, 2009US 1 Reports Flat Fourth-Quarter Income
Logistics firm US 1 Industries said its fourth-quarter net income was flat at $582,000, or 4 cents a share, compared with $579,000, or 4 cents, a year earlier.
April 15, 2009Industrial Production Declines 1.5%
Industrial production fell 1.5% in March, marking the fifth straight monthly downturn, the Federal Reserve said Wednesday.
April 15, 2009New York Manufacturing Index Improves
Manufacturing activity in the New York region improved this month, the Federal Reserve Bank of New York said Wednesday.
April 15, 2009CSX 1Q Profit Falls 27%
Eastern freight railroad CSX Corp. said its per-share profit fell 27% in the first quarter.
April 15, 2009Diesel Price Projected to Rise, DOE Says
Diesel fuel will average $2.23 a gallon this quarter and rise to $2.31 in the third quarter, the Energy Department said.
April 14, 2009DOT Advising White House on Mexican Trucking Issue
Transportation Secretary Ray LaHood has sent the White House recommendations aimed at ending a trucking dispute with Mexico, expected to be high on the agenda when President Obama visits Mexico later this week, Reuters reported.
April 14, 2009SoCal Ports Facing West Coast Competition
The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009