Jack Cooper Transport Co. wants to invest $1.5 million, while creating 12 jobs, at a Roanoke operation.
Officials at the business have applied for a pair of tax abatements that will save about $190,000 during a 10-year period, according to paperwork filed with the Allen County Department of Planning Services.
Jack Cooper intends to build a 33,440-square-foot trucking terminal and maintenance complex on Fogwell Parkway, near the General Motors truck plant.
Terminal Manager Brian Walters said Kansas City, Mo.-based Jack Cooper has worked out of trailers on GM property for the last three years and is looking forward to a permanent address.
Well be right across the street from GM, said Walters, whose company hauls new trucks nationwide for the automaker.
The average salary range of the new jobs is $49,000 to $70,000 a year.
Slowing US sales boost inventories
U.S. businesses restocked their shelves and warehouses at a faster pace in December, but sales slowed, a cautionary sign for the economy.
The Commerce Department said Thursday that inventories rose 0.5 percent after a 0.4 percent increase in November. Sales growth fell to just 0.1 percent, from 0.7 percent in November.
The figures point to a risk for the economy: If companies build their stockpiles at a faster pace than their sales are growing, they may end up stuck with more goods than they need.
GM recalls 780,000 Cobalts, Pontiac G5s
General Motors is recalling almost 780,000 older-model compact cars in North America because a faulty ignition switch can shut off the engines without warning and cause crashes.
The company says six people have died in 22 crashes linked to the problem in Chevrolet Cobalts from the 2005 through 2007 model years, and Pontiac G5s from 2007.
Jobless aid requests surge ahead to 339,000
The number of people seeking unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. Still, the increase wasnt enough to suggest the job market is worsening.
The Labor Department said Thursday that the four-week average of applications, a less volatile measure, increased 3,500 to a seasonally adjusted 336,750.