YRC Worldwide’s Teamsters-union employees voted by a 3-1 margin to accept concessions including a 10% pay cut in exchange for a 15% stake in the company, the two said late Thursday.
January 9, 2009Search
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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, 2009Flooded Stretch of I-5 in Washington State to Reopen Friday
The Washington state Department of Transportation plans to reopen a 20-mile stretch of Interstate 5 Friday afternoon near Chehalis, Wash., that was closed for two days due to heavy flooding, the Associated Press reported.
January 9, 2009Navistar 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, 2009Winter Weather Prompts Some States to Lower Speed Limits
Inclement weather in the form of snow, ice, rain and wind prompted several states Wednesday to temporarily lower speed limits, news reports said.
January 7, 2009Daimler 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, 2009Detroit 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, 2009States’ 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, 2009Wal-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, 2009ISM Services Index Improves but Shows Contraction
The U.S. economy’s service sector improved, but showed contraction for a third straight month in December, the Institute for Supply Management said Tuesday.
January 6, 2009