President Obama called on Congress to pass a $447 billion job-creation plan, including investments in road and bridge construction, in a speech Thursday evening.
September 9, 2011Business
Navistar Posts 3Q Profits, Cites Supplier Problems
Truck maker Navistar International Corp. reported a jump in quarterly profits boosted mainly by a tax-related adjustment and said its sales have accelerated but are still held back by problems with components suppliers.
September 12, 2011Business
Russell Gerdin Retires at Heartland Express; Son Michael Promoted to Chairman, CEO
Heartland Express announced that Russell Gerdin, founder of the truckload carrier, has retired due to health concerns and passed the chairman and CEO positions to his son, Michael.
September 12, 2011BusinessFuel
Diesel Rises 4.8¢ to $3.868 a Gallon; Gasoline Also Climbs for a Second Week
The average price paid for a gallon of U.S. retail diesel rose 4.8 cents a gallon to $3.868 last week, the second straight increase, the Department of Energy reported.
September 12, 2011Business
Wholesale Inventories Rise 0.8% in July
Wholesale inventories rose 0.8% in July, the Commerce Department said Friday.
September 9, 2011BusinessEquipment
Cummins to Sell Light-Duty Filtration Business
Truck engine manufacturer Cummins Inc. announced that it has agreed to sell its light-duty filtration operations to an equity investment firm, Industrial Opportunity Partners. Terms were not disclosed.
September 9, 2011BusinessLogistics
Weekly Intermodal Traffic Slips 1.3%
Intermodal traffic fell 1.3% for the week ended Saturday from a year ago, led by a decline in trailer traffic, the Association of American Railroads said.
September 9, 2011BusinessFuel
DOE Boosts Diesel Price Forecast 2¢ to $3.85
The Department of Energy boosted its 2011 diesel price forecast by 2 cents, to $3.85 a gallon, and raised its gasoline price projection 3 cents, to $3.56, but lowered its projections for 2012.
September 8, 2011BusinessFuelGovernment
U.S. Trade Deficit Narrows 13.1%
The U.S. trade deficit narrowed 13.1% in July to $44.8 billion, a three-month low, as exports rose and oil imports declined, the Commerce Department said Thursday.
September 8, 2011Business
Initial Jobless Claims Edge Up 2,000 for Week
Initial jobless claims increased by 2,000 last week to 414,000, the Labor Department said Thursday.
September 8, 2011