UPS, Pilots’ Union Discussing Cost Cuts
UPS Inc. is in talks with one of its unions to attempt to avoid potentially laying off 300 pilots, about 10% of its total, Bloomberg reported.
May 28, 2009India’s Tata Motors Unveils New Truck Line
India’s Tata Motors said it is unveiling a new line of trucks to be called the “world truck,” the New York Times reported Thursday.
May 28, 2009Dana Names New CEO
Driveshaft and axle maker Dana Holding Corp. has named James Sweetnam as its new president and chief executive officer.
May 28, 2009NAFTA Surface Trade Falls 27.9%
Surface transportation trade among the United States, Canada and Mexico fell 27.9% in March from a year earlier, the third consecutive month of decline greater than 27%, the Department of Transportation said Thursday.
May 28, 2009New Home Sales Rise 0.3%
New home sales increased 0.3% in April, the Commerce Department said Thursday.
May 28, 2009Durable Goods Orders See Biggest Rise in 16 Months
Durable goods orders rose 1.9% April, the largest gain in more than a year, the Commerce Department said Thursday.
May 28, 2009Initial Jobless Claims Decline for Week
Initial jobless claims fell by 13,000 last week, the Labor Department said Thursday.
May 28, 2009Oil Hits Six-Month High Over $63 a Barrel
Oil reached a six-month high over $63 a barrel Thursday after OPEC predicted a demand recovery, Bloomberg reported.
May 28, 2009April Truck Tonnage Plunges 13.2%
Truck tonnage decreased 13.2% in April compared with a year ago, falling to the lowest level in seven-and-a-half years, American Trucking Associations said.
May 27, 2009Existing Home Sales Rise 2.9%
Existing homes sales rose 2.9% in April, the National Association of Realtors said Wednesday.
May 27, 2009