Minnesota Trucking Association Blasts Proposed Warehousing Tax
The Minnesota Trucking Association criticized a legislative proposal to put a tax on warehousing services in the state, saying it would harm the state’s economy and kill jobs.
May 16, 2013Navistar Sells Recreational Vehicle Business
Navistar International Corp. said Thursday it has sold its recreational vehicle business to Allied Specialty Vehicles. Terms were not disclosed.
May 16, 2013Senate Sets Hearing on Foxx Nomination as DOT Secretary
The Senate Commerce Committee will hold a hearing next week to consider the nomination of Anthony Foxx to become the next Transportation Secretary.
May 16, 2013Philadelphia Manufacturing Activity Contracts
Manufacturing activity in the Philadelphia region contracted in May, for the first time in three months, the Federal Reserve Bank of Philadelphia said Thursday.
May 16, 2013Housing Starts Fall to Five-Month Low; Building Permits Increase
Housing starts fell to a five-month low in April, while building permits jumped to the highest level in almost five years, the Commerce Department said Thursday.
May 16, 2013Jobless Claims Jump to Six-Week High
Initial jobless claims rose by 32,000 last week to a six-week high, the Labor Department said Thursday.
May 16, 2013Rush Buys N.C. Truck Dealerships
Rush Enterprises said it has acquired Piedmont International Trucks, which operates commercial truck dealerships in North Carolina, for about $3.5 million.
May 16, 2013U.S.-Mexico Border Delays Costing Economy Billions
Delays at U.S.-Mexico border crossings cost the U.S. economy $7.8 billion in 2011 as improvements lagged behind traffic growth, Bloomberg News reported Wednesday.
May 15, 2013Oil Declines for Fifth Day to Near $92 a Barrel
Oil fell almost $2 Wednesday to near $92 a barrel, the fifth straight day of declines and longest run of downturns since October, Bloomberg News reported.
May 15, 2013Clarke’s First-Quarter Profit Declines; Trucking Unit Improves
Canadian holding company Clarke Inc. said its first-quarter profit fell from a year ago but its trucking segment improved.
May 15, 2013