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.
WASHINGTON — Businesses slashed wholesale inventories sharply in December, a much weaker showing than expected and a troubling sign that companies are still too pessimistic about the economy to begin restocking shelves on a sustained basis.