Chrysler Group LLC was the only one of the three Detroit-based automakers to report an increase in vehicle sales for May, Bloomberg reported.
June 2, 2011Business
Initial Jobless Claims Drop By 6,000
Initial jobless claims fell 6,000 to 422,000 last week, the Labor Department reported Thursday.
June 2, 2011Business
Active 2011 Hurricane Season Predicted
This year’s Atlantic hurricane season, which starts Wednesday, could produce more storms than usual and include three to six major storms, according to the U.S. Climate Prediction Center, Bloomberg reported.
June 1, 2011Business
Volvo, Mack to Make Transmissions at Hagerstown, Md., Plant
Growing demand has prompted Volvo Trucks North America and Mack Trucks to move assembly of its transmissions to Hagerstown, Md., the two companies said Wednesday.
June 1, 2011Business
Roadrunner Buys Refrigerated Carrier Bruenger Trucking
Roadrunner Transportation Systems said it has acquired refrigerated truckload carrier Bruenger Trucking Co., in a transaction worth up to $13.6 million.
June 1, 2011Business, Fuel
Diesel Falls for Fourth Straight Week, Dropping 4.9¢ to $3.948 a Gallon
Diesel continued its recent downward trend, falling for the fourth straight week with a 4.9-cent decline to $3.948 a gallon, while gasoline fell for a third week, the Department of Energy said.
June 1, 2011Business
Conn. Boosting Diesel Tax By 3 Cents in July
Connecticut’s diesel tax will go up 3 cents on July 1, pushing the levy from 39.6 to 42.6 cents a gallon under a recent budget agreement between state legislators and Gov. Dan Malloy (D).
June 1, 2011Business
Construction Spending Increases 0.4% in April
Construction spending rose 0.4% in April, the second straight monthly increase, the Commerce Department said Wednesday.
June 1, 2011Business
Postal Service Lacks Funds to Repair, Replace Aging Truck Fleet, GAO Study Finds
The U.S. Postal Service, like many commercial fleets, is facing the problems of an aging truck fleet, including burgeoning maintenance costs, but lacks the financial resources to do anything about it, a new government study found.
June 1, 2011Government, Business
NAFTA Surface Trade Tops $80 Billion for First Time
Surface transportation trade among the United States, Canada and Mexico jumped 15.6% in March from a year ago, topping $80 billion for the first time on record, the Department of Transportation said Tuesday.
May 31, 2011