October Retail Sales Plunge 2.8%; Drop Is Largest on Record
Retail sales fell 2.8% in October, the biggest drop on record, the Commerce Department said Friday.
November 14, 2008Great Dane to Close Georgia Reefer Plant
Great Dane Trailers said it plans to close its refrigerated trailer manufacturing plant in Savannah, Ga., in January, due to the economic downturn’s effect on the transportation industry and the need for more efficient production.
November 14, 2008Consumer Sentiment Index Remains Near 28-Year Low
U.S. consumer confidence rose slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
November 14, 2008Business Inventories Take Largest Drop in Three Years
Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.
November 14, 2008Import Prices Fall 4.7% in September
The price of goods imported to the United States fell 4.7% in October, the largest drop since recording began in 1992, the Labor Department said Friday.
November 14, 2008Post Office Is $2.8 Billion in Red
The United States Postal Service was $2.8 billion in the red in the fiscal year ended in September, the Associated Press reported Thursday.
November 14, 2008DOT Freight Index Unchanged in September
The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008U.S. Trade Deficit Declines in September
The U.S. trade deficit fell 4.4% in September, largely on a sharp drop in the price of oil, the Commerce Department said Thursday.
November 13, 2008DOE Slashes Fuel-Price Outlook for 2009
The Energy Department sharply cut its price forecasts for crude oil, diesel and gasoline for next year, citing lower world demand in a sluggish global economy.
November 12, 2008Werner Declares Special Dividend
Werner Enterprises said Tuesday that its Board of Directors declared a special cash dividend of $2.10 per common share.
November 12, 2008