Cummins to Cut at Least 500 Jobs
Diesel engine maker Cummins Inc. said Friday it would cut “at least 500 jobs,” or 3.5% of its workforce, by the end of the year, due to “the continued deterioration in the U.S. economy and many other key markets around the world.”
December 5, 2008Best Trucking Management Software Buyer’s Guide
For growing carriers, choosing the right Trucking Management Software (TMS) is vital for the efficiency and growth of your transportation business. As we move into 2024, it's crucial to understand the key features and considerations that make a TMS solution stand out, and which ones play to your unique operation.
Rail, Intermodal Traffic Fall in November
Rail and intermodal traffic fell sharply in November from a year ago, the Association of American Railroads said.
December 5, 2008YRC, Teamsters Reach Tentative Pact on 10% Pay Cut
YRC Worldwide and Teamsters union leaders reached a tentative agreement on a 10% pay cut for union employees to help reduce costs, Bloomberg reported late Wednesday.
December 4, 2008Dynamex’s Fiscal 1Q Earnings Decline
Logistics and delivery firm Dynamex Inc. said Thursday its fiscal first-quarter profit fell to $3 million, or 30 cents a share, from $4 million, or 39 cents, a year ago.
December 4, 2008Unemployment Claims Rise to 26-Year High
First-time unemployment claims fell but continuing claims rose to a 26-year high last week, the Labor Department said Thursday.
December 4, 2008UAW Open to Renegotiating Terms; Suspending Jobs Bank
The United Auto Workers said Wednesday it is willing to alter contracts with U.S. automakers and accept delayed payments of billions of dollars to health care trust fund in order to help the companies potentially secure $34 billion in government loans, the Associated Press reported.
December 3, 2008Fed Cites Lag in Transport Services Demand
Demand for transportation services has lowered since early October, and costs for services have fallen in some areas, and demand for transportation services will continue into 2009, the Federal Reserve said Wednesday.
December 3, 2008Pilgrim's Pride Files for Bankruptcy
Poultry producer and transporter Pilgrim’s Pride Corp. has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
December 3, 2008ISM Services Index Falls to Record Low
The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008