DALLAS — Raymond B. Greer has resigned as CEO of Greatwide Logistics Services, the company said in a statement Tuesday. Leo Suggs, currently chairman of the board, was appointed to succeed him, effective immediately. John Simone will continue in his role as president and chief operating officer.
BELLEVUE, Wash. — Paccar Inc., which makes trucks and parts carrying the Kenworth, Peterbilt and DAF nameplates, reported Friday that its fourth-quarter profit tumbled 59 percent as sales dropped 23 percent.
KALAMAZOO, Mich. — Dana Holding Corp. will consolidate its Heavy Vehicle Products operations in Kalamazoo, Mich., and Statesville, N.C., into two locations in the Toledo, Ohio, area and a yet-to-be-determined location in Greater Detroit, the company said Jan. 28.
NEW YORK — Hopes that America's factories will help drive the economic recovery gained support Monday from news that manufacturing activity grew in January to its strongest point since 2004.
WASHINGTON — Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades.