Con-way Inc. Wednesday lowered its 2008 earnings forecast to a range of $2.60 to $2.80 a share, citing a downturn in freight demand from a lagging U.S. economy.
October 1, 2008BusinessGovernment
Investors Drop Pa. Turnpike Bid, Citing Opposition, Market Woes
The investment group that sought to lease the Pennsylvania Turnpike has withdrawn its bid, citing political opposition and uncertain financial markets, and leaving the state without a solution to its infrastructure funding problems.
October 6, 2008FuelBusinessGovernment
Diesel Price Decline Pauses
The average price of retail diesel fuel rose 0.1 cent last week to $3.959, following 10 straight weeks of declines, according to the De-partment of Energy.
October 6, 2008Business
YRC to Pay Down $325 Million in Notes from Credit Line
Less-than-truckload carrier YRC Worldwide said Friday it has drawn $325 million from its revolving credit facility to redeem notes due Dec. 1 and May 1.
October 3, 2008BusinessSafetyGovernment
ISM Services Index Declines in September
The U.S. economy’s service sector declined but showed expanded in September, the Institute for Supply Management said Friday.
October 3, 2008Business
Payrolls Fall in September; Unemployment Rate Holds at 6.1%
U.S. payrolls fell by 159,000 in September and the unemployment rate held at 6.1%, the Labor Department said Friday.
October 3, 2008GovernmentBusiness
U.S. Auto Sales Plunge in September
Automakers saw their U.S. sales plunge in September as credit tightened and the economy remained sluggish, Bloomberg reported.
October 2, 2008Business
Jobless Claims Reach Seven-Year High
Initial jobless claims rose to the highest level in seven years last week and the total number of people collecting benefits was the highest number in five years, the Labor Department said Thursday.
October 2, 2008BusinessSafetyGovernmentTechnology
Letters to the Editor: Packaging, N.J. Turnpike, Relief Disaster, Seat-Belt Cameras, Trucking’s Cost
In this country and this economy, I, too, believe there’s a lot of unused space moving up and down our highways, creating inefficiencies.
October 2, 2008GovernmentBusinessSafety
Port Trucking Rules Take Effect in L.A., Long Beach
Authorities at the ports of Los Angeles and Long Beach, Calif., are beginning enforcement Wednesday of new regulations banning pre-1989 model trucks from operating at the ports, the Long Beach Press-Telegram reported.
October 1, 2008