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Less-than-truckload giant Yellow Roadway Corp. said Wednesday it expected its first-quarter earnings to be “at or above the high end of its previously provided guidance of 80 cents to 90 cents per share.”

Truckload carrier Universal Truckload Services said it posted higher profits for the 2004 fourth quarter and year as freight demand remained strong and because the company expanded its network of owner-operators and brokers.

Union Pacific Corp., the nation's largest railroad, said Tuesday that it increased its 2005 first-quarter earnings guidance to 43 cents to 48 cents per share because revenue was higher than expected.

Rising gasoline prices could further cut into U.S. sales of sport utility vehicles because they are economically inefficient, according to Bloomberg News..

The U.S. Postal Service asked its governing board for permission to increase all rates between 5% and 6%, Bloomberg News reported..

The Federal Reserve on Tuesday unanimously raised the benchmark U.S. interest rate a quarter-point to 2.75%, the highest since October 2001, and again said it would carry out additional increases at a "measured" pace.

Third-party logistics provider Hub Group Inc. said Tuesday that it would rename its Hub Logistics unit to more clearly delineate its logistics products and services from other divisions within Hub Group, including intermodal and highway services..

The Labor Department said Tuesday its producer price index rose 0.4% in February, while the prices excluding food and energy only rose 0.1%..

International Monetary Fund Managing Director Rodrigo de Rato said that although oil prices may not remain above $56 a barrel, they would likely remain high for another two years due to rising demand and supply constraints, news services reported.