Kenworth Truck Co. said it is laying off 10% of workers at its Class 8 assembly plant in Chillicothe, Ohio, because of a drop in heavy-duty truck orders.
April 12, 2012BusinessGovernmentLogistics
Consumer Confidence Declines
Consumer confidence decreased this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
April 13, 2012Business
Consumer Price Index Rises in March
The consumer price index rose 0.3% in March, the Labor Department said Friday.
April 13, 2012BusinessTechnology
McLeod Updates LoadMaster, PowerBroker
McLeod Software Corp. has released LoadMaster Enterprise and PowerBroker Version 11.0.
April 13, 2012Business
Producer Price Index Unchanged; Core Rate Rises
Prices paid to U.S. producers were little changed in March, but the core rate excluding food and fuel rose, the Labor Department said Thursday.
April 12, 2012BusinessFuelGovernment
Trade Deficit Narrows as Imports Drop
The U.S. trade deficit narrowed by 12% in February on lower imports, including a big drop in crude oil imports, the Commerce Department reported Thursday.
April 12, 2012Business
Jobless Claims Rose Last Week
Initial jobless claims rose last week from a four-year low, the Labor Department said Thursday.
April 12, 2012BusinessLogistics
Quiet Logistics Hired by Vida Shoes
Distribution and warehouse operator Quiet Logistics has been enlisted by footwear maker Vida Shoes International Inc. to handle fulfillment for online orders.
April 12, 2012GovernmentBusiness
Economy Shows Moderate Growth, Fed Says
The U.S. economy showed moderate expansion in the past two months, as manufacturing, hiring and retail sales showed signs of strength, though several areas cited concerns about finding qualified truck drivers, the Federal Reserve said Wednesday.
April 11, 2012Business
Truck Driver Turnover Rate Dips in 4Q
After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped 1% to an annualized rate of 88%, American Trucking Associations said Wednesday.
April 11, 2012