Mexican Trucking Group Suing U.S. for $6 Billion
Mexican trucking companies are suing the United States government for $6 billion over Washington’s refusal to allow Mexican carriers onto U.S. roads under the North American Free Trade Agreement, Reuters reported.
June 1, 2009UAW Approves Mack Labor Pact, Volvo Says
Volvo AB said United Auto Workers union employees at its Mack Trucks unit have approved a new 40-month labor agreement.
June 1, 2009YRC Sells Headquarters in Lease-Back Plan
YRC Worldwide Inc. has sold its Kansas City, Kan., area headquarters to raise cash, but the company will remain at the site in a lease-back plan, the Kansas City Business Journal reported.
June 1, 2009New Border-Crossing Rule Takes Effect
A rule requiring U.S. residents to show a passport or other high-tech document to re-enter the country from Canada or Mexico took effect Monday, the Associated Press reported.
June 1, 2009GM Files for Chapter 11 Bankruptcy
General Motors Corp. filed for Chapter 11 bankruptcy protection Monday, setting a plan to create a 21st-century company to better compete in world markets, Bloomberg reported.
June 1, 2009ISM Manufacturing Index Improves in May
Manufacturing in the U.S. improved last month but still showed contraction overall, the Institute for Supply Management said Monday.
June 1, 2009Construction Spending Increases 0.8%
Construction spending rose in April by the largest amount since August, the Commerce Department said Monday.
June 1, 2009Personal Spending Dips 0.1%
Consumer personal spending dipped 0.1% in April, the Commerce Department said Monday.
June 1, 2009Gasoline Rises 19¢ to $2.49 a Gallon
The national average price of regular gasoline jumped 19 cents in the past two weeks to $2.49 a gallon, rising with the highest oil prices in six months, according to the latest Lundberg Survey of filling stations released Sunday.
June 1, 2009Forecasters Predict ‘Near Normal’ Hurricane Season
U.S. forecasters expect a “near normal” Atlantic hurricane season, with up to 14 named tropical storms this year during the hurricane season that begins Monday, the Associated Press reported.
June 1, 2009