Surface trade among the United States, Canada and Mexico fell 2.1% in October from a year earlier, the Department of Transportation said Thursday.
January 8, 2009Business, Safety
Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Jan. 3 from a year ago, the Association of American Railroads said.
January 9, 2009Business
Unemployment Rate Jumps to 16-Year High of 7.2%
The U.S. unemployment rate jumped to 7.2% in December, a 16-year high, from 6.5% in November, the Labor Department said Friday.
January 9, 2009Business
Editorial: An Interesting New Year
Having passed through one of the toughest, most volatile economic years that trucking has experienced could make one antsy about the future. We may look ahead with deep trepidation, or we can greet the journey as a thrilling adventure.
January 8, 2009Business
Wal-Mart Cuts Earnings Forecast
Wal-Mart Stores slashed its earnings forecasts after the worst holiday-shopping season in 40 years squeezed retail profit margins, Bloomberg reported Thursday.
January 8, 2009Business, Safety, Government
NAFTA Surface Trade Falls 2.1% in October
Business
Jobless Claims Fall For Week
Initial jobless claims fell last week by 24,000 claims, to 467,000 for the week ended Saturday, the Labor Department said Thursday.
January 8, 2009Business, Government, Technology, Equipment, Safety
States’ Stimulus Plans Differ From Obama’s
Plans by some states for spending on new highways may undermine the planned economic stimulus, which would focus on existing roads and new transit systems, Bloomberg reported.
January 7, 2009Business, Government
Daimler Forms Truck Venture with Chinese Firm
Daimler AG and China’s Beiqi Foton Motor Co. have agreed to form a venture in Beijing to make trucks and engines, Bloomberg reported Wednesday.
January 7, 2009Business
Navistar to Lay Off 200 at Ontario Truck Plant
Navistar International Corp. plans to lay off another 200 workers at its truck plant in Ontario, the Toronto Star newspaper reported Wednesday.
January 7, 2009Business
Detroit Diesel to Provide 2010 Engines to Oshkosh
Specialty truck maker Oshkosh Corp. said Wednesday that Detroit Diesel Corp. will supply engines to Oshkosh’s fire and emergency businesses.
January 7, 2009