Goodyear Tire & Rubber Co. plans to close 92 retail stores with about 500 full-time workers by the end of the year because of their lack of profitability, Bloomberg reported.
August 20, 2008Government, Business, Safety
FMCSA to Send Hours, EOBR Rules to Peters for Review
The Federal Motor Carrier Safety Administration is preparing to send several proposed rules, including regulations governing driver hours-of-service and electronic onboard recorders, to Transportation Secretary Mary Peters for review.
August 20, 2008Government, Business, Safety
Teamsters Seeking Help from Interstate Bakeries’ Creditors
The Teamsters union, which represents 9,500 employees of bankrupt Interstate Bakeries Corp., said hopes for the company’s successful emergence from bankruptcy were dimming, the Kansas City Star reported.
August 20, 2008Government, Business, Safety, Equipment
Goodyear to Close 92 U.S. Retail Outlets
Business, Government, Logistics
YRC Completes Deal to Buy Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said Tuesday it closed a previously announced deal to buy Chinese LTL firm Shanghai Jiayu Logistics.
August 19, 2008Government
Producer Prices Jump 1.2%
Prices paid to U.S. producers jumped 1.2% in July, the Labor Department said Tuesday.
August 19, 2008Government, Business
Housing Starts Fall to 17-Year Low
New home construction fell to a 17-year low in July, the Commerce Department said Tuesday.
August 19, 2008Government
Oil Rises as Tropical Storm Moves Into Florida
Oil prices rose Tuesday even as a tropical storm came ashore in Florida, sparing Gulf of Mexico oil platforms, Bloomberg reported.
August 19, 2008Fuel, Business, Logistics, Government
Diesel Falls Again, Dropping 14.2¢ to $4.207 a Gallon
Diesel fuel’s national average retail price fell for the fifth straight week Monday, plunging 14.2 cents to $4.207 a gallon, the Department of Energy said Monday.
August 19, 2008Fuel, Business, Safety, Government, Equipment
Westport Begins Trading on Nasdaq
Westport Innovations, which makes alternative fuel transportation technologies, said Monday it has begun trading on the Nasdaq stock market.
August 18, 2008Business, Fuel, Government
UPS Expands Domestic Air Service
UPS Inc. said Monday it is offering “significant enhancements†to domestic on-call pickup service in for air packages.
August 18, 2008