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.
THOMASVILLE, N.C. — Old Dominion Freight Line Inc. said Thursday its fourth-quarter profit fell, but tonnage on the less-than-truckload carrier declined more slowly -- and even picked up in December.