Unemployment Claims Rise to 26-Year High
First-time unemployment claims rose to a 26-year high last week, the Labor Department said Thursday.
December 11, 2008Import Prices Fall 6.7% in November
The price of goods imported to the United States fell 6.7% in November, the largest drop since recording began in 1988, the Labor Department said Thursday.
December 11, 2008Infrastructure Program Funding May Reach $20 Billion
Federal funding highway infrastructure projects in an economic stimulus plan may be about $20 billion, Bloomberg reported, citing a group that represents state transportation officials.
December 11, 2008DOT Freight Transport Index Drops 0.6% in October
The Department of Transportation’s freight transportation services index fell 0.6% in October from a year ago, leaving it at its lowest level for the month of October in five years.
December 10, 2008Mack to Lay Off 180 Plant Workers
Mack Trucks will lay off 180 employees at its factory near Allentown, Pa., the Associated Press reported Wednesday.
December 10, 2008Schneider Expands Regional Service
Truckload carrier Schneider National said Wednesday it is extending its regional service to customers in the south-central United States, increasing its regional footprint to 16 states in less than a year since it first launched the offering.
December 10, 2008Navistar to Cut 250 Corporate Positions
Navistar International Corp. plans to eliminate about 250 salaried positions, with many coming from the company’s Warrenville, Ill., corporate headquarters, the Chicago Tribune reported.
December 10, 2008Diesel to Average Below $2.50 Next Year, DOE Says
On-highway diesel fuel will average $2.47 a gallon next year, $1.33 less than this year and 26 cents lower than a previous forecast, the Department of Energy said Tuesday.
December 9, 2008Con-way Lowers 2008 Forecast; Plans to Cut 1,450 Jobs
Con-way Inc. late Monday lowered its 2008 earnings forecast and said it plans to cut 1,450 jobs, or 8% of its workforce, as its freight volumes decline.
December 9, 2008FedEx Lowers Guidance for Fiscal ‘09
FedEx Corp. said late Monday it was cutting its earnings forecast for fiscal year 2009 due to “significantly weaker economic conditions.”
December 9, 2008