Retail Sales Rise 1% in January
Retail sales rose 1% in January, halting a six-month slide, the Commerce Department said Thursday.
February 12, 2009Business Inventories See Largest Decline Since 2001
Business inventories fell 1.3% in December, the fourth consecutive month of decline and the largest drop since 2001, the Commerce Department said Thursday.
February 12, 2009Pacer Reports Loss for 4Q, Year
Transportation and third-party logistics firm Pacer International said late Wednesday it took a fourth-quarter loss of $65.1 million, or $1.87 a share, compared with a profit of $20.6 million, or 59 cents, a year earlier.
February 11, 2009DOT Freight Transportation Index Falls 3%
The Department of Transportation’s freight transportation services index declined 3% in December from a year earlier, DOT said Wednesday.
February 11, 2009U.S. Trade Deficit Falls to Lowest Level Since 2003
The December U.S. trade deficit fell to the smallest level in almost six years, the Commerce Department said Wednesday.
February 11, 2009DOE Holds ’09 Diesel Forecast at $2.28 a Gallon
The Energy Department held its projection for diesel prices from a previous forecast, saying trucking’s main fuel would average $2.28 per gallon this year and $2.55 in 2010.
February 10, 2009UPS, Postal Service Set Retail-Return Partnership
UPS Inc. said Tuesday it is partnering with the U.S. Postal Service for a new retail-return service in which consumers can send returns by UPS via their own mailboxes.
February 10, 2009Wholesale Inventories Fall 1.4%
Wholesale inventories fell 1.4% in December, the Commerce Department said Tuesday.
February 10, 2009Senate Approves $838 Billion Stimulus
The Senate approved Tuesday the $838 billion economic stimulus bill proposed by President Obama, the Associated Press reported.
February 10, 2009Vitran Reports Fourth-Quarter Loss
Vitran Corp. said Tuesday it lost $ $3.2 million, or 23 cents a share, compared with a profit of $1.7 million, or 12 cents, a year earlier.
February 10, 2009