Volvo AB said Tuesday its August North American deliveries fell by 33%, to 1,267 units.
September 15, 2009BusinessGovernment
Business Inventories Fall 1% in July; Sales Rise
Business inventories fell in July for an 11th straight month, while sales showed the first back-to-back gain in a year, the Commerce Department said Tuesday.
September 16, 2009BusinessGovernmentEquipment
Obama Approves Tariffs on Chinese Tires
President Obama has approved an increase on the tariff charged on car and light truck tires imported from China, the Associated Press reported.
September 15, 2009BusinessGovernment
August Retail Sales Jump 2.7%
Retail sales jumped 2.7% in August, led in part by a boost in auto sales prompted by the government’s “cash for clunkers†program, the Commerce Department said Tuesday.
September 15, 2009BusinessFuelGovernment
Diesel Slips 1.3¢ in Second Consecutive Decline
The average price of diesel dropped slightly Monday for the second consecutive week, declining 1.3 cents to $2.634 a gallon, the Department of Energy reported.
September 15, 2009Government
Producer Price Index Rises in August
Prices paid to U.S. producers fell 1.7% in August, the Labor Department said Tuesday.
September 15, 2009BusinessGovernment
New York Manufacturing Index Improves for Second Month
Manufacturing activity in the New York region rose this month at the fastest pace in almost two years, the Federal Reserve Bank of New York said Tuesday.
September 15, 2009FuelGovernment
Gasoline Average Falls 5.1¢, Lundberg Says
Gasoline prices fell 5.1 cents in the past two weeks to $2.591 per gallon, according to latest Lundberg Survey of fuel prices released Sunday.
September 14, 2009EditorialBusinessGovernmentSafety
Extend the UCR Comment Period
At the very least, the Federal Motor Carrier Safety Administration needs to provide the freight transportation industry sufficient time to respond to its proposal to fix the clearly broken Unified Carrier Registration agreement.
September 14, 2009BusinessGovernmentSafetyEquipment
‘Sporadic’ Used Truck Gains Encourage Class 8 Dealers
While sales of new Class 8 trucks continue to languish, several used truck dealers said they have noted recent “sporadic†increases in business that they believe could signal a market bottom. However, they added that financing problems were restricting sales.
September 14, 2009