Navistar to Consolidate Engine Operations; Move Will Save $22 Mln. Annually, Cut 280 Jobs
Navistar International Corp. announced Feb. 20 that it will consolidate its midrange engine manufacturing operations, which it said will eliminate 280 jobs and save the company about $22 million annually.
February 21, 2014Universal Truckload’s 4Q Earnings Jump
Universal Truckload Services Inc. said its net income rose in both the fourth quarter of 2013 and the full year.
February 21, 2014Container Volume Rises at Port of Charleston, S.C.
The Port of Charleston, S.C., said its container volume rose for the first seven months of its fiscal year — from July through January.
February 21, 2014Existing Home Sales Drop to Lowest Level Since 2012
Existing home sales declined 5.1% in January to the lowest level since July 2012, the National Association of Realtors said Feb. 21.
February 21, 2014Intermodal Rail Volume Drops 5.7%
U.S. rail intermodal traffic declined 5.7% in the week ended Feb. 15 compared with the same week last year, the Association of American Railroads reported.
February 21, 2014ATA, Road Safe America Urge Quick Action on Truck Speed Limiters
American Trucking Associations and Road Safe America last week sent a letter reminding federal regulators of the need to proceed quickly in developing a proposed rule to require speed limiters on existing and new trucks.
February 20, 2014Report Questions Costs of Port Trucker Status
A new report issued by three organizations said that classification of port truckers as independent contractors rather than employees is costing $1.4 billion in lost tax revenue and wage and hour violations.
February 20, 2014Panama Canal Contractor to Resume Work on Locks
The Panama Canal Authority announced that the contractor building new locks for the expanded waterway agreed to restart its construction project Feb. 20.
February 20, 2014Dana’s Profit Drops in 4Q
Dana Holding Corp. said its profit fell in the fourth quarter of 2013 and it saw a loss for the full year, due in part to a tax benefit in the previous year.
February 20, 2014Foxx Says Fuel Tax Increase Is Not Needed
WASHINGTON — Transportation Secretary Anthony Foxx said the Obama administration still believes there is a better way to raise the money needed to upgrade the nation’s highway infrastructure than to raise the federal fuel tax.
February 20, 2014