Navistar International Corp. and Caterpillar Inc. are in discussions with a Chinese firm to set up a truck- and engine-making venture in China, Bloomberg reported Thursday, citing a Chinese newspaper report.
August 20, 2009Business, Government
Leading Economic Indicators Rise 0.6%
An index of leading economic indicators rose 0.6% in July, the fourth consecutive increase, the New York-based Conference Board said Thursday.
August 20, 2009Business, Government
Navistar, Caterpillar Set China Truck Venture
Business, Government
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia expanded in August for the first time in almost a year, the Federal Reserve Bank of Philadelphia said Thursday.
August 20, 2009Business
Jobless Claims Rise for Week
Initial jobless claims rose to 576,000 last week, the Labor Department said Thursday.
August 20, 2009Business, Fuel
Crude Tops $72 a Barrel
Oil rose to near a two-month high of more than $72 a barrel early Thursday, a day after jumping more than $3, Bloomberg reported.
August 20, 2009Business, Safety, Government
DOT Sets Dates for Distracted-Driving Summit
The Department of Transportation said it will host its “distracted driving” summit in Washington on Wednesday and Thursday, Sept. 30 - Oct. 1.
August 19, 2009Business, Government
NFI Buys Network Logistic, Expands Warehousing
NFI Industries said it expanded its warehousing operations by 20% with the Aug. 3 purchase of Network Logistic Solutions, which operates 3 million square feet of space in Florida, Georgia and Oklahoma. Pricing details were not disclosed.
August 19, 2009Government, Business, Safety, Fuel
ATA Says California Reefer Rule Is Unfair
California’s new emission-reduction rule for transport refrigeration units unfairly imposes air quality standards on out-of-state carriers, attorneys for American Trucking Associations and the Truckload Carriers Association told a federal appeals court.
August 19, 2009Business
Mack Receives Military Truck Orders
Mack Trucks has received an order for 18 more of its Vision Elite model tractors from the U.S. Army TACOM Life Cycle Management Command.
August 19, 2009Business, Fuel
Oil Tops $70 Following DOE Inventory Report
Oil pushed past $70 a barrel Wednesday for the first time this week following a Department of Energy report that showed crude inventories plunged last week, Bloomberg reported.
August 19, 2009