Western Express, which is planning to purchase Smithway Motor Xpress Corp. said late Thursday it would delay the deal’s closing to October because of recent volatility in U.S. credit markets.
August 31, 2007BusinessGovernment
Consumer Sentiment Index Drops in August
U.S. consumer confidence fell to a one-year low this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
August 31, 2007GovernmentBusiness
Personal Spending Rises 0.4%
Consumer personal spending rose 0.4% in July, the Commerce Department said Friday.
August 31, 2007BusinessSafety
Rail, Intermodal Traffic Drop
Rail carload and intermodal freight traffic declined from a year ago for the week ended Saturday, continuing a trend this year, the Association of American Railroads said Thursday.
August 30, 2007BusinessSafety
Volvo’s North American Deliveries Drop 60%
Volvo AB’s North American units’ deliveries fell more than 60% from a year ago from January through July, the company said Wednesday.
August 30, 2007BusinessSafetyGovernmentAutonomous
NAFTA Trade Gains 5.2%; Truck Trade Dips
Surface trade among the United States, Canada and Mexico was 3.9% higher in June than a year earlier, though truck trade declined, the Department of Transportation said Thursday.
August 30, 2007BusinessLogisticsTechnologyEquipmentSafety
Ryder to Buy Canadian Leasing Firm
Ryder System said it has reached agreement to buy a privately held Canadian truck leasing company for an undisclosed sum.
August 30, 2007GovernmentBusinessSafety
Groups Sue to Block Mexican-Trucks Plan
Five groups filed suit Wednesday in attempt to block a Department of Transportation pilot program set to allow some Mexican trucks full access to U.S. roads.
August 30, 2007Business
Jobless Claims Rise 9,000 for Week
Initial jobless claims rose by 9,000 to 334,000 last week, the Labor Department said Thursday.
August 30, 2007BusinessFuel
Oil Tops $73 Following DOE Report
Crude oil rose almost $2 to close at more than $73 a barrel Wednesday, a three-week high, following a Department of Energy report that showed oil and gasoline inventories fell more than expected, Bloomberg reported.
August 29, 2007