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Industry News
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ActionView to Buy Jim Palmer Trucking
By Transport Topics -
2008-05-15 ActionView International, which makes illuminated motion billboards, said it signed a letter of intent to buy Montana-based refrigerated carrier Jim Palmer Trucking.
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Philadelphia Manufacturing Index Improves
By Transport Topics -
2008-05-15 Manufacturing levels in the Philadelphia region improved this month, but continued to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.
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U.S. Industrial Production Drops 0.7%
By Transport Topics -
2008-05-15 U.S. industrial production fell 0.7% in April, the Federal Reserve said Thursday.
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New York Manufacturing Index Declines
By Transport Topics -
2008-05-15 Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.
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Jobless Claims Rise 6,000 for Week
By Transport Topics -
2008-05-15 Initial jobless claims rose by 6,000 last week, the Labor Department said Thursday.
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DOT Freight Transport Index Drops 0.4% in March
By Transport Topics -
2008-05-14 The Department of Transportation's freight transportation services index fell 0.4% in March from the same month last year, DOT said Wednesday.
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TransForce Completes Conversion, Name Change
By Transport Topics -
2008-05-14 TransForce Income Fund said late Wednesday it has completed its corporate structure conversion to TransForce Inc. and that it will begin trading under a new ticker symbol on Tuesday.
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Oil Price Falls Following DOE Report
By Transport Topics -
2008-05-14 Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate�voted to suspend crude shipments to the nation's Strategic Petroleum Reserve, Bloomberg reported.
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FedEx Names Brian Philips to Head Kinko's Unit
By Transport Topics -
2008-05-14 FedEx Corp. Wednesday named Brian Philips chief executive officer of its FedEx Kinko's office supply division.
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US1 Reports Higher First-Quarter Profit
By Transport Topics -
2008-05-14 Logistics firm US1 Industries said its first-quarter net income improved to $690,000, or 5 cents a share, from $370,000, or 3 cents, a year ago.
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Deutsche Post's 1Q Profit Drops
By Transport Topics -
2008-05-14 Deutsche Post said Wednesday its first-quarter profit fell 18% on a writedown of a German unit and slowing U.S. economic growth that hurt its U.S. DHL division, Bloomberg reported.
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