Ship Line Trans Ocean Sold
Britain-based shipping line Ocean Distribution said it closed its sale to JF Hillebrand Group, for an undisclosed sum.
April 6, 2007Intermodal Volume Declines
Rail and intermodal traffic continued a downward trend of the past few weeks, with intermodal falling 2.5% last week and rail carload traffic declining 8.7% compared with a year ago, the Association of American Railroads said Thursday.
April 5, 2007Crude Prices Fall Following Sailors’ Release by Iran
Crude oil futures fell lower Thursday after Iran released 15 British sailors it had held for two weeks, Bloomberg reported.
April 5, 2007NS Says 1Q Profit to Dip 3%
Norfolk Southern Corp. said its first-quarter earnings will be 3% lower than a year earlier, as its freight shipments declined.
April 5, 2007Jobless Claims Rise for Week
Initial jobless claims rose by 11,000 last week, the Labor Department said Thursday.
April 5, 2007Pacer Lowers ’07 Guidance
Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the company’s stock.
April 5, 2007Daimler in Talks to Sell Chrysler Unit
DaimlerChrysler AG chief Dieter Zetsche said for the first time that the company is negotiating the sale of its Chrysler unit, Bloomberg reported Wednesday.
April 4, 2007Feb. Factory Orders Rise 1%
Factory orders rose 1% in February following the biggest drop in six years, the Commerce Department said Wednesday.
April 4, 2007ISM Services Index Declines in March
The Institute for Supply Management's services index slipped to 52.4 in March from February’s reading of 54.3, ISM said Wednesday.
April 4, 2007Crude Prices Ease After Iran Says It Will Release British Sailors
Crude oil futures prices declined Wednesday after Iran's President Mahmoud Ahmadinejad said that he will release 15 captured British sailors, news services reported.
April 4, 2007