Navistar International Corp. earned $272 million for its fiscal third quarter and boosted its full-year earnings forecast, the company said late Wednesday.
September 4, 2008BusinessSafetyEquipment
American Axle to Produce Commercial Truck Parts
American Axle & Manufacturing Holdings will expand a factory in Michigan to build more parts for large commercial trucks, reducing its reliance on General Motors Corp. for business, Bloomberg reported Thursday.
September 4, 2008BusinessSafetyGovernment
ISM Services Index Shows Expansion in August
The U.S. economy鈥檚 service sector expanded in August following two straight months of contraction, the Institute for Supply Management said Thursday.
September 4, 2008Business
Mass. Restricts Trucks on Part of 鈥楤ig Dig鈥 Project
The Massachusetts Turnpike Authority is placing a weight limit for trucks on the Leverett Connector in Boston, related to the city鈥檚 $15 billion 鈥淏ig Dig鈥 construction project, the Associated Press reported.
September 4, 2008GovernmentBusinessSafety
Second-Quarter Productivity Rises 4.3%
Second-quarter U.S. worker productivity rose at a 4.3% annual rate, more than previously estimated, the Labor Department said Thursday.
September 4, 2008Business
Initial Jobless Claims Rise for Week
Initial jobless claims rose by 15,000 last week to 444,000, the Labor Department said Thursday.
September 4, 2008BusinessFuel
Oil Dips for Fourth Straight Session
Oil fell 36 cents Wednesday to close at $109.35 a barrel on the New York Mercantile Exchange, as several crude intake ports reopened on the Gulf Coast following Hurricane Gustav, Bloomberg reported.
September 3, 2008BusinessSafetyGovernmentAutonomous
Fed 鈥楤eige Book鈥 Cites Continuing Economic Sluggishness
U.S. economic activity, including trucking and freight transportation, was sluggish in July and August, according to a Federal Reserve report released Wednesday.
September 3, 2008GovernmentBusinessSafety
FMCSA Waives Hours Regs for Gulf States Drivers
Motor carriers and drivers providing emergency in areas affected by Hurricane Gustav will be relieved federal hours-of-service regulations, the Federal Motor Carrier Administration said.
September 3, 2008BusinessLogistics
Kelly Named Acting NHTSA Chief
The White House named David Kelly to serve as acting administrator of the National Highway Traffic Safety Administration.
September 3, 2008