LOMBARD, Ill. — An annual benchmark report released Thursday shows the continued impact of the economic slowdown on the U.S. logistics industry. The 21st Annual “State of Logistics Report” reveals that, continuing the decline reported in 2008, business logistics costs fell to 7.7 percent of U.S. Gross Domestic Product (GDP) in 2009, as compared to 9.3 percent the previous year.
COLUMBUS, IN – A strengthening North American economy and improving supply/demand balance of freight hauling truck capacity are primary factors in a continuing rebound of orders and production of commercial vehicles, according to the market analysts at ACT Research Co. (ACT).
WASHINGTON — In a boost for the president on global warming, the Senate on Thursday rejected a challenge to Obama administration rules aimed at cutting greenhouse gas emissions from power plants and other big polluters.
WASHINGTON — Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery.
WASHINGTON — The U.S. trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers.