NEW YORK — The top executive at CSX Corp., the nation's third largest railroad, on Tuesday predicted it could take another year or two for shipping volume to recover to pre-recession strength.
CHARLOTTE, N.C. — The phone rings at Atlantic Trucking Co. a couple hundred times a day lately, and terminal manager Lee Montgomery occasionally logs 12-hour shifts, taking orders and scanning rate quotes from his office off Sugar Creek Road.
MINNEAPOLIS, Minn. — The Ceridian-UCLA Pulse of Commerce Index (PCI) by UCLA Anderson School of Management tumbled 1.9 percent in June after its impressive 3.1 percent gain in May. Coming in the midst of other disappointing economic reports, the PCI’s drop seemingly reinforces the fear that the economy is on the brink of a double-dip recession, but further analysis tells a different story, according to PCI Chief Economist Edward Leamer.
Volvo Trucks North America and Mack Trucks Inc. report that combined, their orders of vehicles equipped with EPA 2010-compliant engines have surpassed the 10,000 mark.
WASHINGTON — Getting loans to flow more normally to small businesses is a critical ingredient to bolstering the economic recovery and reducing unemployment, Federal Reserve Chairman Ben Bernanke said Monday.