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Retail, railroads reflect tepid economy

Intermodal

Wednesday, July 18, 2012

Further signs that the U.S. economy could be slowing to a crawl came Monday when the Commerce Department released figures showing that retail sales dipped a half percent in June to $401.5 billion, the third month in a row that sales have fallen. It is the first time since 2008 that retail sales have gone down for three consecutive months. The report also revised lower the amount that Americans spent in April. Part of the sales decline can be attributed to lo...

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