Navistar to Lay Off 200 at Ontario Truck Plant
Navistar International Corp. plans to lay off another 200 workers at its truck plant in Ontario, the Toronto Star newspaper reported Wednesday.
January 7, 2009Detroit Diesel to Provide 2010 Engines to Oshkosh
Specialty truck maker Oshkosh Corp. said Wednesday that Detroit Diesel Corp. will supply engines to Oshkosh’s fire and emergency businesses.
January 7, 2009Analyst Predicts Teamsters Will Approve Wage Cuts at YRC
Less-than-truckload company YRC Worldwide’s Teamsters-union employees voted Tuesday on whether to accept a 10% pay cut aimed at helping the carrier, and one analyst said he expects the union to approve the vote, Bloomberg reported.
January 6, 2009Maryland Proposes Raising Truck Tolls
Maryland is proposing raising toll rates on trucks and other multi-axle vehicles in the face of a struggling economy, the Maryland Transportation Authority said.
January 6, 2009Fed Officials Cited ‘Substantial’ Risks to Economy at December Meeting
Federal Reserve policy makers saw “substantial” risks to the U.S. economy when they met last month and some saw the possibility of a “prolonged contraction,” according to minutes of the meeting released Tuesday.
January 6, 2009Diesel Drops 3.6¢ to $2.291; Gasoline Rises 7.1¢ to $1.684
The average nationwide pump price of diesel fuel fell 3.6 cents to $2.291 a gallon, while gasoline rose for the first time in 16 weeks, the Department of Energy said Monday.
January 6, 2009UPS, Ryder Name Key Executives
UPS Inc. said Tuesday that Myron Gray will oversee its U.S. package operations in February, replacing Jim Winestock, who will retire.
January 6, 2009ISM Services Index Improves but Shows Contraction
The U.S. economy’s service sector improved, but showed contraction for a third straight month in December, the Institute for Supply Management said Tuesday.
January 6, 2009Stimulus Plan Includes Tax Refunds for Businesses
President-elect Barack Obama's proposed economic stimulus plan would include billions of dollars of refunds for taxes paid years ago, the Associated Press reported.
January 6, 2009APM to Use TWIC as Credential For Workers at Virginia Facility
APM Terminals Virginia will discontinue use of company identification cards at its Portsmouth, Va., facility and rely solely on the federal Transportation Workers Identification Credential, or TWIC, a port executive said.
January 5, 2009