Daimler Loses $478 Mln. in 4Q
Daimler AG said Thursday that it lost $478 million (352 million euros) in the fourth quarter and that it plans to cancel its annual dividend, Bloomberg reported.
February 18, 2010Jobless Claims Climb for Week
Initial jobless claims grew by 31,000 last week, the Labor Department said Thursday.
February 18, 2010MAN Loses 472 Mln. Euros in 4Q
Poor demand from the economic downturn caused German truck maker MAN SE to lose 472 million euros ($645 million) in the fourth quarter, compared with a profit of 177 million euros ($242 million) a year earlier, Bloomberg reported.
February 17, 2010ArvinMeritor Reiterates 2Q Outlook
Truck components maker ArvinMeritor Inc. said Wednesday that its fiscal first quarter earnings and revenues will be flat compared with the first quarter.
February 17, 2010TMC Announces New Leadership, Winners of Silver Spark Plugs
TAMPA, Fla. — Jerry Thrift of Ryder System, Miami, was installed as chairman of the Technology & Maintenance Council of American Trucking Associations during the group’s meeting here Feb. 11.
February 17, 2010DOT Awards $1.5 Bln. for Transportation Projects
The Department of Transportation Wednesday announced that 51 projects will receive $1.5 billion in grants under the Transportation Investment Generating Economic Recovery program.
February 17, 2010Pacer Posts 4Q Profit
Transportation and third-party logistics firm Pacer International said its fourth-quarter profit grew to $10 million, or 10 cents per share, compared with a $64 million loss, or $1.83 cents, a year earlier.
February 17, 2010Industrial Production Rises 0.9%
Industrial production rose 0.9% in January, the Federal Reserve said Wednesday.
February 17, 2010Housing Starts Climb in January
Housing starts rose 2.8% in January while building permits fell 4.9%, the Commerce Department said Wednesday.
February 17, 2010Diesel Price Drops for Fifth Straight Week
Diesel’s national average price fell 1.3 cents to $2.756 a gallon, the fifth consecutive decline, the Department of Energy said Tuesday.
February 16, 2010