Goodyear to Close 92 U.S. Retail Outlets
Goodyear Tire & Rubber Co. plans to close 92 retail stores with about 500 full-time workers by the end of the year because of their lack of profitability, Bloomberg reported.
August 20, 2008YRC Completes Deal to Buy Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said Tuesday it closed a previously announced deal to buy Chinese LTL firm Shanghai Jiayu Logistics.
August 19, 2008Producer Prices Jump 1.2%
Prices paid to U.S. producers jumped 1.2% in July, the Labor Department said Tuesday.
August 19, 2008Housing Starts Fall to 17-Year Low
New home construction fell to a 17-year low in July, the Commerce Department said Tuesday.
August 19, 2008Oil Rises as Tropical Storm Moves Into Florida
Oil prices rose Tuesday even as a tropical storm came ashore in Florida, sparing Gulf of Mexico oil platforms, Bloomberg reported.
August 19, 2008Diesel Falls Again, Dropping 14.2¢ to $4.207 a Gallon
Diesel fuel’s national average retail price fell for the fifth straight week Monday, plunging 14.2 cents to $4.207 a gallon, the Department of Energy said Monday.
August 19, 2008Westport Begins Trading on Nasdaq
Westport Innovations, which makes alternative fuel transportation technologies, said Monday it has begun trading on the Nasdaq stock market.
August 18, 2008UPS Expands Domestic Air Service
UPS Inc. said Monday it is offering “significant enhancements” to domestic on-call pickup service in for air packages.
August 18, 2008Oil Rises as Storm Looms Near Gulf
Oil prices rose slightly Monday on concerns that a tropical storm headed toward Florida could disrupt oil operations in the Gulf of Mexico, the Associated Press reported.
August 18, 2008Sept. 8 Hearing Set for ATA Suit on Calif. Ports’ Clean Truck Plan
American Trucking Associations said the U.S. District Court of Los Angeles has set a Sept. 8 hearing date on ATA’s motion for preliminary injunction on the harbor commissions of the ports of Los Angeles and Long Beach, Calif.
August 18, 2008