Daimler AG and China’s Beiqi Foton Motor Co. have agreed to form a venture in Beijing to make trucks and engines, Bloomberg reported Wednesday.
January 7, 2009Search
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Flooded Stretch of I-5 in Washington State to Reopen Friday
The Washington state Department of Transportation plans to reopen a 20-mile stretch of Interstate 5 Friday afternoon near Chehalis, Wash., that was closed for two days due to heavy flooding, the Associated Press reported.
January 9, 2009Navistar to Lay Off 200 at Ontario Truck Plant
Navistar International Corp. plans to lay off another 200 workers at its truck plant in Ontario, the Toronto Star newspaper reported Wednesday.
January 7, 2009Detroit Diesel to Provide 2010 Engines to Oshkosh
Specialty truck maker Oshkosh Corp. said Wednesday that Detroit Diesel Corp. will supply engines to Oshkosh’s fire and emergency businesses.
January 7, 2009States’ Stimulus Plans Differ From Obama’s
Plans by some states for spending on new highways may undermine the planned economic stimulus, which would focus on existing roads and new transit systems, Bloomberg reported.
January 7, 2009Wal-Mart Cuts Earnings Forecast
Wal-Mart Stores slashed its earnings forecasts after the worst holiday-shopping season in 40 years squeezed retail profit margins, Bloomberg reported Thursday.
January 8, 2009ISM Services Index Improves but Shows Contraction
The U.S. economy’s service sector improved, but showed contraction for a third straight month in December, the Institute for Supply Management said Tuesday.
January 6, 2009UPS, Ryder Name Key Executives
UPS Inc. said Tuesday that Myron Gray will oversee its U.S. package operations in February, replacing Jim Winestock, who will retire.
January 6, 2009Stimulus Plan Includes Tax Refunds for Businesses
President-elect Barack Obama's proposed economic stimulus plan would include billions of dollars of refunds for taxes paid years ago, the Associated Press reported.
January 6, 2009Maryland Proposes Raising Truck Tolls
Maryland is proposing raising toll rates on trucks and other multi-axle vehicles in the face of a struggling economy, the Maryland Transportation Authority said.
January 6, 2009