Oil Rises Over $72 a Barrel
Oil rose past $72 a barrel in after-hours trading Wednesday for the first time in seven months, Bloomberg reported.
June 11, 2009Retail Sales Increase 0.5%, Commerce Says
Retail sales climbed 0.5% in May, the first increase in three months, the Commerce Department said Thursday.
June 11, 2009Echo Acquires Raytrans Distribution
Echo Global Logistics said that it has acquired Raytrans Distribution Services, a transportation brokerage firm.
June 10, 2009Fed ‘Beige Book’ Notes Some Signs of Recovery
The Federal Reserve said Wednesday that the while the U.S. economy is still slowing in almost half of its regions, some companies’ outlooks are improving even though a weak labor market persists.
June 10, 2009DOT Freight Index Falls 8.5% in April
The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009Obama to Nominate Hersman as NTSB Chairman
President Obama will nominate Deborah Hersman, a member of the National Transportation Safety Board, to be the board's chairman, the White House said.
June 10, 2009U.S. Trade Deficit Widens
The U.S. trade deficit expanded in April for the second straight month following seven declines, as exports dropped to the lowest level in almost three years, the Commerce Department said Wednesday.
June 10, 2009ATA Outlines Safety Agenda
American Trucking Associations Tuesday announced a new safety agenda that the group said will reduce crashes while saving lives and money.
June 9, 2009DOE Boosts Diesel, Gas Price Projections
Diesel fuel will average $2.40 a gallon this year and $2.67 next year, lower than last year’s record high level but up sharply from a previous estimate, the Department of Energy said.
June 9, 2009Wholesale Inventories Fall for Eighth Month
Wholesale inventories fell in April for the eighth consecutive month, the Commerce Department said Tuesday.
June 9, 2009