Citi Enters Fleet Financing Business
Citigroup Inc.’s commercial business unit said it is entering the transportation fleet financing business.
May 18, 2007British Air to Take Part in E-Freight Trial
Penske, ABX Form Brazil Venture
Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007Consumer Sentiment Index Rises
U.S. consumer confidence rose this month following, according to the University of Michigan’s monthly consumer sentiment index released Friday.
May 18, 2007GM May Sell Medium-Duty Business
General Motors Corp., the largest U.S. automaker, may soon sell its medium-duty truck business, Bloomberg reported.
May 18, 2007Bay St. Louis Bridge Reopens
Two lanes of the U.S. 90 bridge over the Bay of St. Louis in Mississippi reopened Thursday, more than a year and a half after the roadway was destroyed by Hurricane Katrina, the Associated Press reported.
May 18, 2007Philadelphia Factory Index Gains
Manufacturing levels in the Philadelphia area rose this month, the Federal Reserve Bank of Philadelphia said Thursday.
May 17, 2007Rail, Intermodal Freight Decline
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said Thursday.
May 17, 2007Truckers Sue Wal-Mart
A federal judge in Arkansas granted class-action status to truck drivers accusing Wal-Mart Stores of using racially discriminatory practices in hiring over-the-road drivers, the Arkansas Democrat-Gazette reported Thursday.
May 17, 2007CP Workers Begin Strike
About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.
May 17, 2007