NAFTA Surface Trade Rises 10.5%
Surface trade among the United States, Canada and Mexico jumped 10.5% higher in July from a year earlier, though truck trade declined, the Department of Transportation said Thursday.
September 27, 2007CN Buys Midwest Rail Line
Canadian National Railway Co. has agreed to buy most of the Elgin, Joliet & Eastern Railway Co. from U.S. Steel Corp. for $300 million to add capacity and bypass Chicago-area congestion, Bloomberg reported.
September 27, 2007New Home Sales Fall Again
New home sales plunged 8.3% in August, the Commerce Department said Thursday.
September 27, 2007Oil Rises Past $81 a Barrel
Two days after closing at below $80 for the first time in more than a week, oil futures crept past $81 a barrel on concerns a tropical depression could affect Gulf of Mexico oil production, Bloomberg reported.
September 27, 2007Jobless Claims Fall to Four-Month Low
Initial jobless claims fell to a four-month low last week, the Labor Department said Thursday.
September 27, 2007ATA Names UPS Freight’s William Gray Driver of Year
William Gray Jr., a Cumberland, Md.-based road driver for less-than-truckload UPS Freight, has been named the American Trucking Associations 2007 Truck Driver of the Year, ATA said.
September 26, 2007Melton to Make Iteris’ System Standard
Iteris Inc., which makes safety systems for trucks, said Wednesday that flatbed carrier Melton Truck Lines will make Iteris’ lane departure warning systems standard equipment on about 1,000 new trucks over the next three years.
September 26, 2007Oakland Port May See Backlog
The Port of Oakland could see a backlog of up to a week following the death of a dockworker killed on the job, news reports said Wednesday.
September 26, 2007GM, UAW Reach Accord to End Strike
The United Auto Workers and General Motors Corp. reached a tentative contract early Wednesday to end the union’s two-day national strike, the Associated Press reported.
September 26, 2007U.S. Xpress ‘Neutral’ on Buyout Offer
U.S. Xpress Enterprises said Wednesday today that its board “is expressing no opinion and is remaining neutral” about an acquisition offer to take the truckload carrier private for $20.10 a share.
September 26, 2007