Business

Rail intermodal traffic fell 7% last week and carload traffic dipped 1.1% compared with the same week last year, the Association of American Railroads said Thursday.

Panther Expedited Services said Wednesday it acquired Integres Global Logistics, a technology-based freight forwarding and logistics company. Terms were not disclosed.

An index of leading economic indicators fell last month by the most in more than a year, the New York-based Conference Board reported Thursday.

Initial jobless claims fell by 4,000 last week to the lowest level in more than a month, the Labor Department reported Thursday.

It seemed like such a simple and logical plan: As the nations of North America removed obstacles to the free flow of goods between them, the barriers impeding the trucks that move those goods also would be torn down.

For a sixth straight time, the Federal Reserve on Wednesday voted to keep the benchmark U.S. interest rate at 5.25%.

FedEx Corp. Wednesday said its fiscal third-quarter profit dipped 2% to $420 million or $1.35 per share, from $428 million or $1.38 a year earlier.

Just a day after it said it would be sold for $38 a share to a group headed by its chief executive officer, transportation firm EGL Inc. said it had received a competing offer for $40 a share from another investment group.

Transportation logistics firm Hub Group Inc. said late Tuesday that Chief Financial Officer Tom White resigned has been replaced by Terri Pizzuto, the company's vice president of finance.

Kentucky Eyes Higher Speed Limits • Penske Has Trained 15,000 Drivers Under Highway Watch Program • Colorado to Spend $1.2 Mln. for Truck ‘Chain-Up’ Spaces