Congress has included a measure in a massive spending bill that would end the cross-border trucking program with Mexican begun by the Bush administration, the Los Angeles Times reported Wednesday.
March 11, 2009BusinessGovernment
Business Inventories Fall 1.1% in January
Business inventories fell 1.1% in January, the fifth straight decline, the Commerce Department said Thursday.
March 12, 2009BusinessGovernment
Consumer Confidence Index Declines
U.S. consumer confidence declined this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
March 12, 2009BusinessGovernment
Retail Sales Decline Less Than Forecast
Retail sales fell 0.1% in February the Commerce Department said Thursday.
March 12, 2009Business
Navistar Reports 1Q Profit
Navistar International Corp. said it earned $234 million, or $3.27 per share, for its first fiscal quarter, compared with a loss of $65 million, or 92 cents, a year ago.
March 12, 2009Business
Weekly Jobless Claims Continue to Rise
Initial jobless claims rose by 9,000 last week to 654,000, the sixth straight increase, the Labor Department said Thursday.
March 12, 2009BusinessSafetyGovernment
DOT Freight Transportation Index Falls 7.8%
The Department of Transportation’s freight transportation services index declined 7.8% in January from a year earlier, DOT said Wednesday.
March 11, 2009FuelBusinessGovernment
Diesel Price May Fall Below Gasoline This Summer, DOE Says
The Energy Department lowered its projection for diesel prices from a previous forecast and said it is possible that trucking’s main fuel will fall below gasoline in price this summer.
March 11, 2009BusinessLogistics
ChemLogix Launches International Subsidiary
ChemLogix, a logistics firm serving the chemical industry, has established a new subsidiary, ChemLogix Global, to provide international logistics services, the company said Wednesday.
March 11, 2009Business
Con-way Sets Pay Cuts
Con-way Inc. said it has cut its top executive salaries by 10%, reduce all employees’ pay by 5% and will suspend matches to its 401(k) plan for employees.
March 11, 2009