Navistar International Corp. will scale back production and could lay off as many as 500 workers at its Ontario, Canada, truck plant, the Canadian Press reported Thursday.
November 6, 2008BusinessSafetyGovernment
Xata鈥檚 4Q, Year-End Losses Narrow
Transportation software firm Xata Corp. said Thursday it lost $373,000, or 5 cents a share, in its fiscal fourth quarter, compared with a loss of $4.5 million, or 57 cents, a year ago.
November 6, 2008BusinessSafetyGovernmentLogistics
Mullen鈥檚 Third-Quarter Income Slips
Canadian transportation firm Mullen Group Income Fund said Thursday its third-quarter profit slipped to C$36.2 million, from C$38 million a year ago, while earnings per unit held at 45 cents.
November 6, 2008GovernmentBusinessSafety
Third-Quarter Productivity Rises 1.1%
Third-quarter U.S. worker productivity rose 1.1% in the third quarter, the Labor Department said Thursday.
November 6, 2008BusinessEquipment
Accuride Reports Big 3Q Loss
Commercial vehicle component maker Accuride Corp. said Thursday it lost $201.2 million, or $5.67 per share, in the third quarter, compared with a loss of $1.9 million, or 5 cents, a year ago.
November 6, 2008Business
Jobless Claims Fall for Week
Initial jobless claims slipped last week to 481,000, from a revised 485,000 the previous week, the Labor Department said Thursday.
November 6, 2008Business
Express-1鈥檚 Third-Quarter Profit Jumps
Express-1 Expedited Solutions said Thursday its third-quarter income jumped to $1.16 million, or 4 cents a share, from $500,000, or 2 cents, a year ago.
November 5, 2008BusinessFuel
Oil Falls to Below $66 a Barrel
Crude oil fell more than $5 to below $66 a barrel Wednesday following an Energy Department report that showed an unexpected increase in gasoline inventories last week, Bloomberg reported.
November 5, 2008BusinessGovernment
Obama Eyes Infrastructure Spending to Stimulate Economy
President-elect Barack Obama may put spending on roads and bridges at the top of his agenda for stimulating U.S. economic growth, Bloomberg reported Wednesday.
November 5, 2008BusinessGovernment
Ohio Carriers Protest Hikes in Overweight-Truck Fees
Trucking firms and agriculture interests, along with the City of Toledo, Ohio, are protesting a big hike in state fees for overweight vehicles, the Toledo Blade newspaper reported Wednesday.
November 5, 2008