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Intermodal Traffic Rises 7.4% for Week
U.S. intermodal traffic rose 7.4% for the week ended Saturday from a year ago, the Association of American Railroads reported.
Container traffic jumped 8.4% to 197,716 units, while trailer traffic rose 1.3% to 31,375 units.
Railroad carloads excluding intermodal rose 5.5% to 298,560 units, AAR said.
Railroad volume is considered an important economic indicator.
Intermodal traffic, which tends to be higher-valued merchandise than bulk commodities, uses trains for the long haul and trucks for the shorter distance at either end of the trip |
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Diesel Rises Again, Gaining 2.6¢ to $3.854
Diesel rose for a second week following six straight declines, increasing 2.6 cents to $3.854 a gallon, while gasoline rose less than a penny, the Department of Energy reported this week.
The increase followed almost two weeks of $100-plus per-barrel oil, though the price fell under that level late last week.
Gasoline gained 0.9 cent to $3.391 a gallon, its fourth straight increase, DOE said following its weekly surveys of filling stations.
Crude futures rose $2.01 on the New York Mercantile Exchange Tuesday to finish the trading day at $100.71 per barrel, Bloomberg reported.
Diesel had declined 22.7 cents in six straight declines prior to last week's 4.5-cent increase, according to DOE records.
Trucking's main fuel is now 44.7 cents over same week last year, while gasoline is 28.7 cents higher, DOE said. |
Industrial Production Rises in December
Industrial production rose 0.4% in December as
factory output climbed by the most in year, the Federal Reserve said Wednesday.
The increase in output from factories, mines and utilities followed a revised 0.3% decline in November.
The December reading was lower than economists' projections of a 0.5% increase, Bloomberg reported.
Factory production, which makes up three-quarters of the total, climbed 0.9%.
Production of automobiles and parts gained 0.6%, while factory production excluding autos rose 0.4%.
Capacity utilization, which measures plant output, improved to 78.1%, from 77.8% in November.
Manufacturing accounts for about an eighth of the U.S. economy and the factory sector is one of trucking's largest and most important customers. |
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