Surface trade among the United States, Canada and Mexico fell 2.1% in October from a year earlier, the Department of Transportation said Thursday.
January 8, 2009Business
Wal-Mart Cuts Earnings Forecast
Wal-Mart Stores slashed its earnings forecasts after the worst holiday-shopping season in 40 years squeezed retail profit margins, Bloomberg reported Thursday.
January 8, 2009Business
Jobless Claims Fall For Week
Initial jobless claims fell last week by 24,000 claims, to 467,000 for the week ended Saturday, the Labor Department said Thursday.
January 8, 2009BusinessGovernmentTechnologyEquipmentSafety
States鈥 Stimulus Plans Differ From Obama鈥檚
Plans by some states for spending on new highways may undermine the planned economic stimulus, which would focus on existing roads and new transit systems, Bloomberg reported.
January 7, 2009BusinessGovernment
Daimler Forms Truck Venture with Chinese Firm
Daimler AG and China鈥檚 Beiqi Foton Motor Co. have agreed to form a venture in Beijing to make trucks and engines, Bloomberg reported Wednesday.
January 7, 2009Business
Navistar to Lay Off 200 at Ontario Truck Plant
Navistar International Corp. plans to lay off another 200 workers at its truck plant in Ontario, the Toronto Star newspaper reported Wednesday.
January 7, 2009Business
Detroit Diesel to Provide 2010 Engines to Oshkosh
Specialty truck maker Oshkosh Corp. said Wednesday that Detroit Diesel Corp. will supply engines to Oshkosh鈥檚 fire and emergency businesses.
January 7, 2009Business
Analyst Predicts Teamsters Will Approve Wage Cuts at YRC
Less-than-truckload company YRC Worldwide鈥檚 Teamsters-union employees voted Tuesday on whether to accept a 10% pay cut aimed at helping the carrier, and one analyst said he expects the union to approve the vote, Bloomberg reported.
January 6, 2009BusinessSafetyEquipmentGovernment
Maryland Proposes Raising Truck Tolls
Maryland is proposing raising toll rates on trucks and other multi-axle vehicles in the face of a struggling economy, the Maryland Transportation Authority said.
January 6, 2009Business
Fed Officials Cited 鈥楽ubstantial鈥 Risks to Economy at December Meeting
Federal Reserve policy makers saw 鈥渟ubstantial鈥 risks to the U.S. economy when they met last month and some saw the possibility of a 鈥減rolonged contraction,鈥 according to minutes of the meeting released Tuesday.
January 6, 2009