Tank truck carrier Quality Distribution said it took a fourth-quarter loss of $11.2 million, or 58 cents a share, compared with a profit of $6.1 million, or 31 cents, a year ago.
March 13, 2008Search
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Jobless Rolls Hit Two-and-a-Half-Year High
Initial jobless claims were unchanged last week but the number of people on jobless rolls hit a two-and-a-half-year high, the Labor Department said Thursday.
March 13, 2008Import Prices Rise 0.2%
The price of goods imported to the United States rose 0.2% last month, the Labor Department said Thursday.
March 13, 2008Retail Sales Decline 0.6% in February
Retail sales fell 0.6% in February, the Commerce Department said Thursday.
March 13, 2008Intermodal Traffic Drops 15.1%
Rail carload traffic fell and intermodal traffic dropped sharply for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
March 13, 2008Chrysler Plans 2-Week Shutdown
Chrysler LLC, the third-largest U.S. automaker, will shut down the entire company for two weeks in July, in a period when it usually shuts its assembly plants, Bloomberg reported.
March 13, 2008UPS Says Slowdown May Crimp 1Q Earnings
UPS Inc. executives told Wall Street analysts and investors the company is poised for long-term growth, but that it may have difficulty achieving its first-quarter earnings guidance due to a slowing economy.
March 12, 2008Senators Question DOT on Mexican Trucks Program
Senators and Bush administration officials clashed at a hearing Tuesday about the legality the Department of Transportation’s pilot program allowing Mexican trucks into the United States, the Los Angeles Times reported.
March 12, 2008Volvo, UAW Reach Tentative Pact to End Va. Plant Strike
Volvo Trucks North America said late Monday that the company and the United Auto Workers reached tentative agreement on a three-year contract for the truck maker’s plant in Virginia that would end a six-week strike there by the UAW.
March 12, 2008Mack Introduces ‘Titan’ Truck and New Engine
Mack Trucks Wednesday introduced a large new diesel engine and a new truck, which it said was the most powerful truck the company has ever made.
March 14, 2008