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GM Takes $1.6 Bln. 3Q Loss; Sets Health-Care Deal with UAW
Click here to write a Letter to the Editor. eneral Motors Corp. took a $1.6 billion loss in the third quarter, but said it had reached a tentative agreement with the United Auto Workers union to trim health-care costs, Bloomberg reported Monday.
October 17, 2005Technology Briefs - Oct. 11 - Oct. 17
TransCore GlobalWave Unveils Trailer Tracker • ObjectFX Announces New Fleet-Tracking Software • Pennsylvania OKs Coal-to-Diesel Plant • Ohio Man Wins TMC Technician Scholarship
October 17, 2005DOT Did Not Properly Record All Katrina Costs, Report Says
Click here to write a Letter to the Editor. he Department of Transportation did not properly record hurricane-relief expenses incurred under a contract with truckload carrier Landstar System, DOT’s inspector general's office said in a report released Monday.
October 17, 2005J.B. Hunt's 3Q Income Declines on Rail Arbitration Charge
Click here to write a Letter to the Editor. .B. Hunt Transport Services on Friday reported that its third-quarter net income fell to $39.8 million or 25 cents a share, from $47.9 million or 29 cents a year earlier.
October 14, 2005International to Cut Production at Ohio Medium-Duty Plant
Click here to write a Letter to the Editor. nternational Truck and Engine Corp. plans to lay off 230 workers at its medium-duty truck production plant in Springfield, Ohio, by the end of October because of declining sales, a company spokesman told Transport Topics on Thursday.
October 14, 2005Daimler, European Companies See Fuel Hurting Trucking
Click here to write a Letter to the Editor. ruck maker DaimlerChrysler AG and some of its European competitors expect demand for new commercial vehicles to stagnate in the region next year as fuel prices remain near an all-time high, which could lead to more losses or bankruptcies for truck buyers, Bloomberg reported.
October 14, 2005Business Inventories Rise in August, Commerce Reports
Click here to write a Letter to the Editor. usiness inventories rose 0.4% in August following a 0.4% drop in July, the Commerce Department said Friday.
October 14, 2005Consumer Sentiment Drops, University of Michigan Reports
Click here to write a Letter to the Editor. .S. consumer sentiment fell this month to a reading of 75.4, its lowest level in more than 13 years, following Hurricanes Katrina and Rita, according to the University of Michigan’s monthly consumer sentiment index released Friday.
October 14, 2005September Industrial Production Drops Sharply
U.S. industrial production plunged 1.3% in September, the Federal Reserve said Friday.
October 14, 2005Consumer Prices Spike 1.2%; Gain is Highest in 25 Years
Click here to write a Letter to the Editor. rices paid by consumers rose 1.2% in September, the biggest gain in 25 years, while the so-called "core" consumer price index, which excludes food and energy, rose 0.1%, the Labor Department said Friday.
October 14, 2005