Import 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, 2007FMCSA’s New-Carrier Program Criticized
Safety & Security Briefs — April 5 - April 11
Fuel Averages to Hit Records
Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.
April 11, 2007