New Home Sales Fall 2.1% in May
May new home sales fell for the first time in three months, declining 2.1% to 319,000, the Commerce Department said Thursday.
June 23, 2011Initial Jobless Claims Climb by 9,000
Initial jobless jumped by 9,000 to 429,000 last week, the Labor Department said Thursday.
June 23, 2011FedEx’s Fourth-Quarter Profit Rises 33%
FedEx Corp. said Wednesday its fiscal fourth-quarter profit rose 33% from a year ago on a stronger economy, higher demand and increased volumes.
June 22, 2011Fed Trims Economic Forecast; Holds Key Interest Rate at Record Low
Federal Reserve officials lowered their forecasts for growth and employment this year and into 2012, saying the U.S. economy “is continuing at a moderate pace, though somewhat more slowly” than previously projected.
June 22, 2011Navistar Wins Powertrain Contract from U.S. Postal Service
Navistar Inc. has been awarded a contract by the U.S. Postal Service to engineer a diesel powertrain replacement for postal delivery vehicles, aimed at reducing rising maintenance and fuel costs for USPS’ aging delivery vehicle fleet.
June 22, 2011Weber Logistics Names New CEO
Nick Weber, chairman of Weber Logistics, announced Wednesday that the Santa Fe Springs, Calif., third-party logistics firm has named Harry Drajpuch its president and CEO, effective immediately.
June 22, 2011NLRB Proposal Could Boost Unions’ Elections
The National Labor Relations Board has proposed changes to federal rules governing union organizing elections, including limiting the time employers have to fight representation votes, the Wall Street Journal reported Wednesday.
June 22, 2011Daimler Targets Growth in European Mercedes-Benz Truck Sales
Daimler AG plans to sell 20% more Mercedes-Benz trucks this year in the European market, boosted by demand for a revamped version of the long-haul Actros model, Bloomberg reported.
June 22, 2011Maine Votes to End Fuel Tax Indexing
Maine’s legislature has approved a two-year, $637 million transportation funding bill that would end annual fuel tax increases tied to inflation beginning next year.
June 21, 2011Accuride Purchases Forgitron Technologies
Truck component maker Accuride Corp. said it has acquired Camden, S.C.-based wheel maker Forgitron Technologies.
June 21, 2011