WASHINGTON — Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.
Heavy duty trucks registered easily the best sales of 2009 in December, jumping 30.2 percent from the month before — and November had set previous the standard for the year. December also marked the fourth consecutive month-to-month improvement as truck buyers eyed savings ahead of the more costly, 2010 emissions-compliant equipment.
WASHINGTON — The Freight Transportation Services Index (TSI) rose 1.8 percent in November from its October level, rising after two consecutive monthly declines, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported.
WASHINGTON — The Association of American Railroads reported Wednesday that 2009 saw total carload traffic on U.S. railroads at its lowest levels since at least 1988, when the AAR’s data series began.
NEW YORK — A Deutsche Bank analyst upgraded Werner Enterprises Inc., saying the trucking sector is improving and the company will be able to increase its rates.