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Ruling Upholds U.S. Steel Tariffs
The United States can maintain tariffs on steel imports from Japan, Russia and Brazil, after an independent trade panel found that removing the duties would harm the U.S. steel industry, Bloomberg reported Friday.
April 15, 2005March Industrial Production Gains 0.3%
Production at U.S. factories, mines and utilities rose 0.3% in March, though overall manufacturing dropped for the first time in seven months, the Federal Reserve said Friday.
April 15, 2005April N.Y. Manufacturing Index Falls to Two-Year Low
Manufacturing in New York state grew at the slowest pace in two years in April as orders fell, according to a monthly survey by the Federal Reserve Bank of New York released Friday.
April 15, 2005Hayes Lemmerz Reports 2004 Loss in Part on High Steel Prices
Hayes Lemmerz International Inc. said Friday it lost $62.3 million or $1.66 a share for 2004, compared with a loss of $46.5 million or $1.55 in 2003.
April 15, 2005Intermodal Traffic Bounces Back Following Down Week
Intermodal volume rose 6.2% for the week ended April 9 compared to last year, bouncing back from a 0.1% drop the previous week, the Association of American Railroads reported.
April 15, 2005Tower Automotive to Close Three Plants
Tower Automotive Inc., which makes vehicle frames, said it will close plants in Maryland, Kentucky and Indiana and reduce jobs at an Illinois factory to cut costs as it tries to restructure under bankruptcy protection, Bloomberg reported.
April 15, 2005Senate Panel Approves Highway Bill With Intermodal Equipment Measure
The Senate took another step toward passing its version of multiyear transportation legislation as the Senate Commerce, Science and Transportation Committee approved its portion of the highway bill Thursday.
April 15, 2005Navistar Reports $20 Mln. First-Quarter Profit
Navistar International Corp. reported it earned $20 million or 27 cents a share for its first quarter ended Jan. 31, compared with a loss of $14 million or 20 cents a year ago.
April 14, 2005Heartland Earnings, Revenue Rise in First Quarter
Truckload carrier Heartland Express Inc. said Thursday its first-quarter net income rose 15% over last year, rising to $15.1 million or 20 cents a share, compared with $13.1 million or 17 cents a year earlier.
April 14, 2005Freightliner Projects 20% Sales Growth, Paper Says
Freightliner expects truck sales to rise 20% in 2005, outgoing chief executive officer Rainer Schmueckle told the German newspaper Handelsblatt Thursday, news reports said.
April 14, 2005