Daimler AG said its fourth-quarter truck operations were profitable compared with a loss a year ago, as worldwide truck sales jumped 41%.
February 16, 2011Business
Housing Starts Jump 15%
Housing starts bounced from one-year low in December to rise 15% in January, the Commerce Department said Wednesday.
February 16, 2011Business
Producer Price Index Rises 0.8%
Prices paid to U.S. producers rose 0.3% in January, the Labor Department said Wednesday.
February 16, 2011Government, Business
Proposed Transportation Plan Falls Short of Infrastructure Needs, ATA Says
The Obama administration’s budget outline for the Department of Transportation falls short of effectively dealing with the transportation needs of the nation’s consumers and shippers, American Trucking Associations President and CEO Bill Graves said Tuesday.
February 15, 2011Business
Ryder Expanding Fleet by 6,700 New Units
Ryder System said Tuesday it is expanding its North American rental fleet with 6,700 new trucks, tractors, trailers, and vans to meet growing demand.
February 15, 2011Government, Business, Fuel
EPA Budget Would Cut Clean Diesel Funding
The Obama administration’s proposed budget would cut funding for clean-diesel technology grants, Bloomberg reported.
February 15, 2011Business
FedEx Trims Earnings Outlook on Higher Fuel, Weather-Related Costs
FedEx Corp. cut its quarterly earnings forecast by 25 cents a share, due to rising fuel prices and winter storms that slowed its operations.
February 15, 2011Business, Fuel
Diesel Continues to Rise, Gaining 2.1¢ to $3.534 a Gallon
Diesel’s national average price rose 2.1 cents to $3.534 a gallon, its 11th straight weekly increase, while gasoline also edged higher, the Department of Energy said.
February 15, 2011Business
Retail Sales Rise for Seventh Month
Retail sales rose 0.3% in January, the seventh straight increase, the Commerce Department said Tuesday.
February 15, 2011Business
Business Inventories Rise 0.8%
Business inventories rose 0.8% in December, the Commerce Department said Tuesday.
February 15, 2011