Navistar International Corp. said Wednesday it will not go through with its planned purchase of General Motors Corp.鈥檚 medium-duty truck business, citing 鈥渟ignificant marketplace and economic changes.鈥
August 20, 2008GovernmentBusiness
Teamsters Set Deal With Interstate Bakeries鈥 Creditors
The Teamsters union said it negotiated a deal between investor Ripplewood Holdings and Interstate Bakeries聽Corp.鈥檚 creditors to save the company from liquidation and protect union jobs.
August 21, 2008BusinessGovernment
Leading Economic Indicators Fall 0.7%
An index of leading economic indicators fell 0.7% in July, the New York-based Conference Board said Thursday.
August 21, 2008BusinessGovernment
Philadelphia Manufacturing Index Shows Continued Contraction
Manufacturing levels in the Philadelphia region improved, but continued to show contraction in August, the Federal Reserve Bank of Philadelphia said Thursday.
August 21, 2008BusinessLogistics
Hazmats Must Bypass Denver During Democratic Convention
Truckers running hazardous materials will have to bypass the Denver area during the Democratic National Convention later this month, according to police officials.
August 21, 2008Business
Kentucky Trucking Firm Closes Doors
Louisville, Ky., trucking company C.W. Johnson Xpress said this week it was closing its doors due to high costs, the Louisville-Courier Journal reported.
August 21, 2008Business
Jobless Claims Fall 13,000 for Week
Initial jobless claims fell by 13,000 last week to 432,000, the Labor Department said Thursday.
August 21, 2008BusinessFuelGovernmentSafety
Ohio Panel Holds Hearing on DHL-UPS Air Deal
About 200 people packed a legislative meeting in Ohio Tuesday to hear testimony on the potential impact of DHL鈥檚 plans to switch its domestic air cargo to UPS Inc., the Associated Press reported.
August 20, 2008Business
Letters to the Editor: Reinvent Transport, Size & Weight Changes, Highway Fund
In today鈥檚 climate, we all should be looking for ways to optimize the use of our trucks 鈥 not just as a business unit but as a country.
August 20, 2008BusinessSafetyGovernment
Peters Seeks Support of States, Companies for DOT Transport Plan
Transportation Secretary Mary Peters said the Bush administration鈥檚 plan to encourage more local and private involvement in transportation funding hinges on support from business leaders and state officials, Bloomberg reported Wednesday.
August 20, 2008