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Business

Saia Reduces Workforce by 5%

Saia Inc. has reduced its workforce by 5% because of a decline in shipping demand, Bloomberg reported.

October 6, 2008
Business

Delphi Amends Bankruptcy Plan to Recover 39% of Value

Auto parts maker Delphi Corp. unveiled a new reorganization plan, telling unsecured creditors they now will recover 39%, compared with a 100% recovery under the original plan, Bloomberg reported Monday.

October 6, 2008
Government, Business, Safety, Fuel

Trucking Industry Gathers in Crescent City as Global Financial Crisis Deepens

Trucking industry leaders gathering in New Orleans this week at American Trucking Associations’ annual Management Conference & Exhibition will hear from experts on topics including the current financial turmoil, the upcoming elections, and preparations for next year’s highway bill and the 2010 engine emissions rules.

October 6, 2008
Business, Safety, Government, Fuel

Ports ‘Soft Launch’ Truck Plan with O-O Ban Still Unsettled

The California ports of Los Angeles and Long Beach formally launched their clean-trucks programs last week without any apparent major glitches, although activity at some terminals was initially reported to be lighter than usual, with fewer trucks showing up at the gates.

October 6, 2008
Business, Government

Investors Drop Pa. Turnpike Bid, Citing Opposition, Market Woes

The investment group that sought to lease the Pennsylvania Turnpike has withdrawn its bid, citing political opposition and uncertain financial markets, and leaving the state without a solution to its infrastructure funding problems.

October 6, 2008
Fuel, Business, Government

Diesel Price Decline Pauses

The average price of retail diesel fuel rose 0.1 cent last week to $3.959, following 10 straight weeks of declines, according to the De-partment of Energy.

October 6, 2008
Business

YRC to Pay Down $325 Million in Notes from Credit Line

Less-than-truckload carrier YRC Worldwide said Friday it has drawn $325 million from its revolving credit facility to redeem notes due Dec. 1 and May 1.

October 3, 2008
Business, Safety, Government

ISM Services Index Declines in September

The U.S. economy’s service sector declined but showed expanded in September, the Institute for Supply Management said Friday.

October 3, 2008
Business

Payrolls Fall in September; Unemployment Rate Holds at 6.1%

U.S. payrolls fell by 159,000 in September and the unemployment rate held at 6.1%, the Labor Department said Friday.

October 3, 2008
Government, Business

U.S. Auto Sales Plunge in September

Automakers saw their U.S. sales plunge in September as credit tightened and the economy remained sluggish, Bloomberg reported.

October 2, 2008

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