Trucking May Lead Economy Back to Fast Lane
A moderate recovery in the trucking industry may herald the beginning of an overall recovery in the U.S. economy, according to an analysis by Reuters.
CNF Suspends Operations at Emery Worldwide Airlines
Under fire from the Federal Aviation Administration, CNF Inc. suspended the operations of its Emery Worldwide Airlines unit on Monday. The company said it will be meeting all of its freight obligations by using other carriers.
Producer Prices Fall 0.9% in July
The prices paid to U.S. factories, farmers and other producers tumbled 0.9% in July, in the largest single month drop since 1993, the Labor Department said on Friday.
One Year Later, Firestone Recall Has Changed the Game
One year ago this week, Firestone began a voluntary recall of its Wilderness AT tires that grew into one of the largest automotive controversies in history – and changed the way consumer safety is treated by the auto industry.
Beige Book Finds Economy Has Summertime Blues
The U.S. economy and the manufacturing sector both remained sluggish in June and July, according to a Federal Reserve report released on Wednesday.
Mexican Truck Maker Considers Slashing Operations
Consorcio G. Grupo Dina, Mexico’s embattled truck manufacturer, may shut down as much as half of its operations and withdraw from the Mexican stock exchange, according to a report by Reuters.
July Unemployment Rate Steady at 5.9%
The U.S. economy added just 6,000 jobs in July and the national unemployment rate held fast at 5.9%, just under the eight-year high of 6% recorded in April, the Labor Department said in a report Friday.
GDP Up 0.7%, Weakest Growth Since 1993
A Commerce Department report released today showed the U.S. economy grew at a rate of 0.7%, in the second quarter -- the slowest pace in eight years.
Diesel Cars Preparing a Comeback
With gas prices on the rise and American drivers choosing style over efficiency, the once-maligned diesel engine cars may be coming back to America, according to Bloomberg News columnist Doron Levin.
Truckers Seeing Recovery Signs, Times Says
In positive indication of the economy’s direction, truck drivers are beginning to see an uptick in their business, the New York Times reported Sunday.