Business

Industrial production fell 0.5% in December, the most in more than a year, the Federal Reserve said Thursday.

Manufacturing growth in New York state rebounded in February from January, the Federal Reserve Bank of New York said Thursday.

The price of goods imported to the United States fell 1.2% in January, the most in three months, the Labor Department said Thursday.

First-time U.S. jobless jumped last week by 44,000, the biggest increase since September 2005, the Labor Department said Thursday.

A time-honored axiom of business is that everything begins with a sale. It’s a truism that seems especially apt in the transportation industry. After all, motor carriers need to find freight to fill their trailers. Shippers need to find carriers to haul their commodities.

The big snow storm that paralyzed parts of the Midwest Wednesday shut down traffic on Interstate 78 for about 50 miles near the junction with Interstate 81 in Lebanon County, Pa., the Allentown Morning Call reported Thursday on its Web site.

The U.S. Transportation Department’s transportation services index fell 0.4% in 2006, its first annual decline since 2001, DOT said Wednesday.

DaimlerChrysler AG said Wednesday it earned $4.3 billion or $4.17 per share last year, up from $3.8 billion or $3.70 a share in 2005, and the company said its truck unit's sales improved.

Teamsters union leaders who represent auto-haul workers have unanimously approved a plan by private investment firm to reorganize auto hauler Allied Holdings, the union said late Tuesday.

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