The Teamsters union said it has postponed a vote by its member employees for wage cuts at less-than-truckload carrier YRC Worldwide until next week.
December 29, 2008Business, Government
IANA Elects New Chairman
The Intermodal Association of North America’s board of directors has elected Greg Stefflre, CEO of Rail Delivery Services, Fontana, Calif., as its chairman for 2009.
December 29, 2008Business, Safety, Government, Fuel
Letters to the Editor: NAFTA Highway, 2010 EPA Mandates, California’s Filters, Training Film, FMCSA Policy
With fuel prices going down, including diesel, truckers are still shutting down and still saying they aren’t making money — proving my own view that the problem is other than fuel prices.
December 29, 2008Business, Safety, Government
Cargo Traffic Declines at China's Ports
Cargo traffic at ports in China declined for the first time in at least seven years last month, Bloomberg reported.
December 29, 2008Business
Navistar Plans to Restate 9-Month Results Showing Higher Profit
Navistar International Corp. said it plans to restate its results for the first nine months of fiscal year 2008 to show net income that was higher than first reported.
December 29, 2008Business, Government
Durable Goods Orders Fall 1% in November
Durable goods orders fell 1% in November, the Commerce Department said Wednesday.
December 29, 2008Government, Business
Personal Spending Declines in November
Consumer personal spending fell 0.6% in November, the Commerce Department said Wednesday.
December 29, 2008Business, Safety
Intermodal Traffic Plunges for Week
Rail and intermodal traffic plunged for the week ended Dec. 20 from a year ago, the Association of American Railroads said.
December 29, 2008Business
Initial Jobless Claims Reach 26-Year High
First-time unemployment claims rose to a 26-year high for the week ended Dec. 20, the Labor Department said Wednesday.
December 29, 2008Business
Truck Sales Gain 2.8% in November
Strong volume increases at Freightliner and Navistar drove the expansion of U.S. heavy-duty truck sales into a sixth month during November, although for the full year, purchase levels are all but guaranteed to fall below those of 2007, according to the latest survey from WardsAuto.com.
December 29, 2008