Intermodal Traffic Falls Again
Rail and intermodal traffic declined last week compared with a year earlier, continuing a trend over the past month, the Association of American Railroads said Thursday.
April 12, 2007UPS Signs China Air Pact
UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.
April 12, 2007CN Workers Begin Strike
Canadian National Railway Co.’s 2,800 union conductors and yard workers began rotating strikes Wednesday after rejecting a proposed one-year contract, Bloomberg reported.
April 12, 2007Import Prices Rise 1.7%
The price of goods imported to the United States rose 1.7% in March, the Labor Department reported Thursday.
April 12, 2007Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles “Wick” Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 2007Jobless Claims Rise for Week
Initial jobless claims rose by 19,000 last week, the Labor Department said Thursday.
April 12, 20073PL Revenue Tops $110 Billion
U.S. third-party logistics gross revenues topped $110 billion for the first time last year, according to a report on the 3PL industry released this week.
April 11, 2007Fed Says Higher Rates Possible
Federal Reserve officials agreed that higher interest rates may still be necessary even as they held the benchmark rate at 5.25% last month, according to minutes of the meeting released Wednesday.
April 11, 2007Oil Rises Following DOE Report
Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.
April 11, 2007Networkcar Names New President
Wireless vehicle management firm Networkcar said Wednesday it has appointed Keith Schneider president, effective this week.
April 11, 2007