Factory orders were weak overall, but if you exclude transportation equipment, they were actually up.

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For example, IBM developed a smart traffic system for Stockholm that resulted in drop in traffic, increased green vehicle and public transportation use, and an improved overall quality of life for the city's residents.

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"This is part of an overall risk-based security approach, which allows Transportation Security officers to better focus their efforts on finding higher-threat items such as explosives, " a TSA spokesman told the Reuters news agency.

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As Austan said, I think we will learn more about what this report means in the coming months as we look through some of the numbers underneath what do the construction numbers mean, what do the transportation numbers mean, what do the overall workforce numbers mean.

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The engineering requirement overall for CST, wind-power, new power distribution, electric transportation etc. is phenomenal and unprecedented, and while I marvel at the audacity of the proposal, I doubt very much that it can be done in time, if at all.

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The action of the iShares Dow Transportation Average ( IYT) since the July highs has been negative for the overall market.

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