Intermodal Traffic Falls for Week
Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said Thursday.
November 14, 2008DOT Freight Index Unchanged in September
The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008Wal-Mart’s 3Q Earnings Rise
Retailer Wal-Mart Stores said Thursday its fiscal third-quarter earnings rose 10%, but the company trimmed its full-year outlook.
November 13, 2008Velocity Reports $11.3 Million 1Q Loss
Velocity Express Corp. reported it lost $11.3 million, or $3.45 a share, in its fiscal first quarter, compared with a loss of $11.1 million, or $4.22, a year earlier.
November 13, 2008Initial Jobless Claims Reach 7-Year High
First-time unemployment claims reached the highest level in seven years last week, and the number of people on unemployment rolls reached the highest level in 25 years, the Labor Department said Thursday.
November 13, 2008DOE Slashes Fuel-Price Outlook for 2009
The Energy Department sharply cut its price forecasts for crude oil, diesel and gasoline for next year, citing lower world demand in a sluggish global economy.
November 12, 2008FedEx Targets Boosting Fleet Fuel Efficiency 20% by 2020
FedEx Corp. said Wednesday it plans to improve the fuel efficiency of its FedEx Express vehicle fleet by 20% and reduce carbon dioxide emissions from its aircraft fleet by 20% by 2020.
November 12, 20083Q Intermodal Traffic Falls but Domestic Jumps 10.5%
Intermodal freight volume fell 1% in the third quarter compared with a year ago, with a decline in international containers offsetting a surge in domestic units, the Intermodal Association of North America said.
November 12, 2008Navistar Reorganizes Truck Business Into Four Global Units
Truck and engine maker Navistar International Corp. said it is organizing its truck segment into four business units to enhance its competitiveness around the world and strengthen its core businesses in North America.
November 12, 2008Diesel Falls Below $3 a Gallon
Diesel fuel’s national average price fell below $3 for the first time since September 2007, dropping 14.4 cents to $2.944 a gallon, the Department of Energy reported.
November 12, 2008