New Home Sales Drop 12% to Record Low
New home sales fell 12% in July to a record low following a big jump in June, the Commerce Department said Wednesday.
August 25, 2010Volvo’s North American Deliveries Jump
Volvo AB’s worldwide July deliveries more than doubled and its North American deliveries almost tripled from a year ago, the company said Wednesday.
August 25, 2010Durable Goods Orders Rise 0.3% in July
Durable goods orders rose 0.3% in July, the Commerce Department said Wednesday.
August 25, 2010Ryder Promotes Sanchez to Fleet Management President
Ryder System has named Robert Sanchez head of its global vehicle leasing business.
August 25, 2010FedEx Wins Court Ruling in Employee Classification Case
A federal judge in Indiana ruled that drivers at FedEx Corp.’s ground delivery unit in Kansas are contractors and not employees, handing the package company a victory in its ongoing litigation with drivers from across the country about employees’ classification.
August 24, 2010Mack to Add 125 Workers at Pa. Truck Plant
Mack Trucks said Tuesday will boost employment by 125 workers at its Macungie, Pa., truck assembly plant, starting in October.
August 24, 2010Con-way Freight’s Labrie Steps Down
Con-way Inc. said Tuesday that John Labrie, president of its less-than-truckload Con-way Freight unit, has left the company “to pursue other interests.”
August 24, 2010Diesel Falls 2.2¢ to $2.957 in Second Straight Drop
Diesel fell for the second straight week, dropping 2.2 cents to $2.957 a gallon, the Department of Energy said.
August 24, 2010Existing Home Sales Plunge 27.2%
Sales of existing home plunged 27.2% in July, the third straight monthly decline, the National Association of Realtors said Tuesday.
August 24, 2010UPS Reduces Number of Expected Pilot Furloughs
UPS Inc. said it now expects to furlough 230 pilots, fewer than the 300 it estimated in February, due to improving financial conditions, the Associated Press reported.
August 24, 2010