Kenworth Laying Off 10% of Workers at Ohio Truck Plant
Kenworth Truck Co. said it is laying off 10% of workers at its Class 8 assembly plant in Chillicothe, Ohio, because of a drop in heavy-duty truck orders.
April 12, 2012Producer Price Index Unchanged; Core Rate Rises
Prices paid to U.S. producers were little changed in March, but the core rate excluding food and fuel rose, the Labor Department said Thursday.
April 12, 2012Trade Deficit Narrows as Imports Drop
The U.S. trade deficit narrowed by 12% in February on lower imports, including a big drop in crude oil imports, the Commerce Department reported Thursday.
April 12, 2012Jobless Claims Rose Last Week
Initial jobless claims rose last week from a four-year low, the Labor Department said Thursday.
April 12, 2012Quiet Logistics Hired by Vida Shoes
Distribution and warehouse operator Quiet Logistics has been enlisted by footwear maker Vida Shoes International Inc. to handle fulfillment for online orders.
April 12, 2012Economy Shows Moderate Growth, Fed Says
The U.S. economy showed moderate expansion in the past two months, as manufacturing, hiring and retail sales showed signs of strength, though several areas cited concerns about finding qualified truck drivers, the Federal Reserve said Wednesday.
April 11, 2012Truck Driver Turnover Rate Dips in 4Q
After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped 1% to an annualized rate of 88%, American Trucking Associations said Wednesday.
April 11, 2012DOT Freight Transportation Index Rises in February
The Department of Transportation’s freight transportation services index rose 3.6% in February from a year ago, DOT said Wednesday.
April 11, 2012UPS Sets New Ground Freight Service with Mexico
UPS Inc. announced Wednesday it has set a new ground freight service between the United States and Mexico.
April 11, 2012Import Prices Jump 1.3% in March
The price of goods imported to the United States rose 1.3% last month, reflecting higher fuel costs, the Labor Department reported Wednesday.
April 11, 2012