Retail Sales Decline Less Than Forecast
Retail sales fell 0.1% in February the Commerce Department said Thursday.
March 12, 2009Navistar Reports 1Q Profit
Navistar International Corp. said it earned $234 million, or $3.27 per share, for its first fiscal quarter, compared with a loss of $65 million, or 92 cents, a year ago.
March 12, 2009Weekly Jobless Claims Continue to Rise
Initial jobless claims rose by 9,000 last week to 654,000, the sixth straight increase, the Labor Department said Thursday.
March 12, 2009Congress Moves to Halt Mexican Trucks Program
Congress has included a measure in a massive spending bill that would end the cross-border trucking program with Mexican begun by the Bush administration, the Los Angeles Times reported Wednesday.
March 11, 2009DOT Freight Transportation Index Falls 7.8%
The Department of Transportation’s freight transportation services index declined 7.8% in January from a year earlier, DOT said Wednesday.
March 11, 2009Diesel Price May Fall Below Gasoline This Summer, DOE Says
The Energy Department lowered its projection for diesel prices from a previous forecast and said it is possible that trucking’s main fuel will fall below gasoline in price this summer.
March 11, 2009ChemLogix Launches International Subsidiary
ChemLogix, a logistics firm serving the chemical industry, has established a new subsidiary, ChemLogix Global, to provide international logistics services, the company said Wednesday.
March 11, 2009Con-way Sets Pay Cuts
Con-way Inc. said it has cut its top executive salaries by 10%, reduce all employees’ pay by 5% and will suspend matches to its 401(k) plan for employees.
March 11, 2009Kuehne + Nagel to Acquire J. Martens Holding
Swiss logistics firm Kuehne + Nagel said Monday that it will buy J. Martens Holding AS, a Norwegian service provider to the oil and gas industry, Reuters reported.
March 11, 2009Card Check Introduced in House, Senate
Democrats in both the House of Representatives and Senate Tuesday introduced the Employee Free Choice Act, an act that would make it easier for employees to join unions, Bloomberg reported.
March 10, 2009