Con-way Inc. Wednesday lowered its 2008 earnings forecast to a range of $2.60 to $2.80 a share, citing a downturn in freight demand from a lagging U.S. economy.
October 1, 2008GovernmentBusiness
U.S. Auto Sales Plunge in September
Automakers saw their U.S. sales plunge in September as credit tightened and the economy remained sluggish, Bloomberg reported.
October 2, 2008Business
Jobless Claims Reach Seven-Year High
Initial jobless claims rose to the highest level in seven years last week and the total number of people collecting benefits was the highest number in five years, the Labor Department said Thursday.
October 2, 2008BusinessSafetyGovernmentTechnology
Letters to the Editor: Packaging, N.J. Turnpike, Relief Disaster, Seat-Belt Cameras, Trucking’s Cost
In this country and this economy, I, too, believe there’s a lot of unused space moving up and down our highways, creating inefficiencies.
October 2, 2008GovernmentBusinessSafety
Port Trucking Rules Take Effect in L.A., Long Beach
Authorities at the ports of Los Angeles and Long Beach, Calif., are beginning enforcement Wednesday of new regulations banning pre-1989 model trucks from operating at the ports, the Long Beach Press-Telegram reported.
October 1, 2008BusinessSafetyGovernment
GAO Says Half of Workers Have Not Applied for TWIC
Nearly a year into the application process, more than half of the estimated 1.2 million U.S. transportation workers have not applied for their Transportation Worker Identification Credential that, beginning April 15, 2009, will be required to gain entrance to all the nation’s ports and other transportation facilities.
October 1, 2008GovernmentBusinessSafetyLogistics
Kelly Nominated to Head NHTSA
The Bush administration has nominated David Kelly to head the National Highway Traffic Safety Administration, the Associated Press reported.
October 1, 2008Business
Private Equity Firm Takes 47.5% Stake in Pilot
Private equity firm CVC Capital Partners will acquire a 47.5% interest in Pilot Travel Centers forming an equal governance partnership with parent company Pilot Corp., the companies said.
October 1, 2008BusinessSafetyGovernment
ISM Manufacturing Index Contracts in September
U.S. manufacturing contracted in September at the fastest pace since the last recession, the Institute for Supply Management said Wednesday.
October 1, 2008GovernmentBusiness
Construction Spending Unchanged in August
Construction spending held steady in August, the Commerce Department said Wednesday.
October 1, 2008