STUTTGART, Germany — German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected loss on the year and sending shares down sharply.
OVERLAND PARK, Kan. — YRC Worldwide Inc. said Wednesday that shareholders approved steps to help the financially troubled trucking company complete the private sale of $70 million in convertible notes.
WASHINGTON — The Federal Reserve expects unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious, making for only a moderate-paced economic recovery.
WASHINGTON — Housing construction, a flatbed trucking staple, posted a better-than-expected increase in January which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades.
PORTLAND, Ore. — Freight availability in January rose by 54 percent on the North American spot market compared to January 2009 according to the TransCore North America Freight Index. This marked the fourth consecutive month of improvement on a year-over-year basis.
WASHINGTON — Vice President Joe Biden asserted in an interview Wednesday that taxpayers have "gotten their money's worth" out of the $787 billion stimulus program that Congress passed during the depths of the recession.