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U.S. Xpress Names President of Global Systems Unit
Truckload carrier U.S. Xpress Enterprises Friday said it had appointed John Bowes as president of its Xpress Global Systems subsidiary.
August 4, 2006Goodyears 2Q Net Income Declines; Sales Rise to Record
Goodyear Tire & Rubber Co. Friday reported lower net income for the second quarter but said its sales reached a record level.
August 4, 2006Navistar Gives Notice of Potential Truck-Plant Layoffs
Navistar International Corp. said Friday it may lay off workers later this year at a heavy truck assembly plant in Ontario, Canada, as the result of an anticipated market decline next year.
August 4, 2006Unemployment Rate Rises to 4.8% in July
U.S. payrolls rose by 113,000 in July and the unemployment rate rose to 4.8% from 4.6% the previous month, the Labor Department said Friday.
August 4, 2006New Stopping Rule May Spur Larger Drums
New, stricter federal stopping distance rules on the horizon may push growth in the market for disc brakes but not enough to surpass drum brakes as the dominant equipment in the market.
August 4, 2006Factory Orders Rise 1.2% in June
U.S. factory orders rose for a second straight month in June, rising 1.2%, the Commerce Department reported Thursday.
August 3, 2006Express-1 Reports Record Second-Quarter Profit
Express-1 Expedited Solutions Thursday reported a record $848,000 or 3 cents per share second-quarter profit, compared with a loss of $1.2 million or 5 cents a year ago.
August 3, 2006ISM Services Index Declines for July
The U.S. economys service sector growth declined in July, the Institute for Supply Management said Thursday.
August 3, 2006Georgia Textile Firm Sells Trucking Division
Textile firm Avondale Mills Inc. has agreed to sell a plant and its trucking division, which will preserve about 200 jobs in Alabama and South Carolina, the Associated Press reported.
August 3, 2006Oil Companies 2Q Profits Soar to Records
Oil companies, boosted by high crude and retail fuel prices, continued to turn record profits in the second quarter.
August 3, 2006