Freightliner will cut as many as 1,500 jobs at a North Carolina truck assembly plant, the Charlotte Observer reported Tuesday.
May 15, 2007Search
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Deutsche Post’s Earnings Rise
Deutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 4%, due to lower costs and higher prices for its U.S. express unit’s services, Bloomberg reported.
May 15, 2007N.Y. Manufacturing Index Gains
Manufacturing growth in New York rose this month, the Federal Reserve Bank of New York said Tuesday.
May 15, 2007CPI Rises 0.4% in April
The consumer price index rose 0.4% in April, the Labor Department reported Tuesday.
May 15, 2007EGL Gets New Bids; Profit Jumps
EGL Inc. said it received revised proposals from the two bidders attempting to buy the company.
May 15, 2007Heartland Sets Special Dividend
Truckload carrier Heartland Express late Monday declared a special dividend of $2 a share to be paid on May 30.
May 15, 2007House Delays Mexican-Trucks Plan
The House voted overwhelmingly Tuesday to delay a Department of Transportation plan to allow Mexican trucks full access to U.S. highways, the Associated Press reported.
May 16, 2007FedEx to Partner on Hybrid Development
FedEx Express said Tuesday it has signed an agreement with a company to develop gasoline hybrid-electric powertrains for its delivery fleet.
May 15, 2007Con-way Sets Driver Pay Package
Con-way Truckload said Tuesday it has instituted new driver pay structures and programs aimed at attracting qualified team drivers.
May 15, 2007Wal-Mart’s Earnings Rise 8%
Wal-Mart Stores’ first-quarter profit rose 8% but the company warned that its second-quarter profit may be short of expectations, the Associated Press reported Tuesday.
May 15, 2007