COLUMBUS, Ind. — Trends in the economy and transportation sector continue to point to strengthening in the truck transportation sector in the second half of 2010, which will then lead to stronger demand for commercial vehicles late in the year and into 2011, according to market analyst ACT Research Co.
OVERLAND PARK, Kan. — YRC Worldwide, one of the country's largest trucking companies, said Thursday investors have agreed to buy $70 million in new unsecured convertible notes in a private placement.
WASHINGTON – The Association of American Railroads (AAR) Monday reported U.S. carloads for the month of January 2010 were down 0.7 percent at 1,056,684 carloads, compared with the same month last year, and down 17.7 percent compared with 2008. The Rail Time Indicators report, available at www.aar.org, comprises monthly rail traffic data framed with other key economic indicators to show how freight rail is tied to the broader U.S. economy.
WASHINGTON — The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for imports.
NEW YORK — Americans backed off from holiday spending in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of gas price hikes, according to figures released Wednesday by a key data service.