Philadelphia Fed Factory Index Drops to 18-Year Low
Manufacturing levels in the Philadelphia region contracted in February, the Federal Reserve Bank of Philadelphia said Thursday. The contraction was at the fastest pace in more than 18 years.
February 19, 2009Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell last week, the Association of American Railroads said.
February 19, 2009Container Fees Take Effect at SoCal Ports
The launch of a container fee program at the ports of Los Angeles and Long Beach, Calif., led to long backups after more than 1,000 trucks were turned away for not having required electronic identification tags, the Long Beach Press-Telegram reported Thursday.
February 19, 2009Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week and continuing claims reached a new record the previous week, the Labor Department said Thursday.
February 19, 2009Trucking’s Growing Job Losses
Trucking suffered the greatest loss of jobs in history during January, excluding the month of the national drivers’ strike in 1994.
February 19, 2009Diesel Falls 3.3¢ to $2.186
The national average price of diesel fuel fell another 3.3 cents to $2.186 a gallon, while gasoline rose for the sixth time in seven weeks, Energy Department said.
February 18, 2009Chrysler, GM Seek Billions More in Government Loans
General Motors Corp. and Chrysler have asked the U.S. government to more than double their combined $17.4 billion in loans to about $39 billion, the Associated Press reported.
February 18, 2009Industrial Production Falls 1.8% as Auto Output Plunges
U.S. industrial production fell 1.8% in January, declining for the sixth time in seven months, the Federal Reserve said Wednesday.
February 18, 2009Goodyear Takes 4Q Loss, Will Cut 5,000 Jobs
Goodyear Tire & Rubber Co. said Wednesday it lost $330 million in the fourth quarter as sales slumped 7% and that it would cut almost 5,000 jobs.
February 18, 2009Import Prices Fall for Sixth Straight Month
The price of goods imported to the United States fell for a sixth straight month in January on lower commodity costs, declining 1.1%, the Labor Department said Wednesday.
February 18, 2009