LEI Rises in November, Conference Board Says
The Conference Board said that its index of leading economic indicators rose 0.7% in November.
Navistar Names Ustian CEO
Navistar International Corp. named Daniel C. Ustian new chief executive officer of the heavy-duty truck maker, following its annual meeting. He will replace John R. Horne, Navistar's current CEO.
Industrial Production, Capacity Figures Bleak for Trucking
In a bleak report for trucking, industrial production fell 0.8% in October, according to the Federal Reserve. The drop in production at the nation's mines, factories and utilities was the largest since Sept. 2001.
Yellow Corp. Wins High Court Battle
Yellow Corp. won its Supreme Court case against the state of Michigan over state-imposed truck fees, Bloomberg reported Tuesday.
Wash. Fuel Tax Leads Number of Trucking Issues on Ballots
As voters go to the polls across the country Tuesday, they look at a number of issues close to the trucking industry, led by a possible 9-cent per gallon increase in fuel taxes in the state of Washington.
Trucker Sounds Alarm to Nab Sniper
After three weeks of shootings and thousands of tips, it was a single truck driver who called in the final alert that led to the arrest and capture of alleged Beltway snipers John Allen Muhammad and John Lee Malvo, news services reported.
Diesel Rises Again, 10th Rise Pushes Price to $1.469
The average price of a gallon of diesel fuel rose 0.8 cent a gallon last week, moving the price of trucking's primary fuel to $1.469, the Department of Energy reported Monday.
CPI Rises 0.2%, Trade Gap Widens
The prices U.S. consumers paid for goods rose during September as energy, health car and automobile costs all pushed higher, the government said Friday.
Navistar to Close Embattled Ontario Plant
Just three months after agreeing to a new two-year contract with its employees at its heavy-duty truck plant in Chatham, Ontario, International Truck and Engine Corp. said it will close the facility sometime in the summer of 2003.
Housing Starts Surge to 16-Year High Rate
The number of new homes being built in the United States jumped 13.3% in September to an annual rate of 1.843 million – the highest in 16 years, the Commerce Department said.