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Navistar International Corp. named Daniel C. Ustian new chief executive officer of the heavy-duty truck maker, following its annual meeting. He will replace John R. Horne, Navistar's current CEO.

The Teamsters union and representatives of unionized less-than-truckload freight carriers said Dec. 5 they had exchanged contract proposals after completing talks on local, non-economic issues.

HIG to Buy Bankrupt Delivery Truck Maker • Ice Storm Barrels Through Mid-Atlantic States • Panel to Explore Future of the Post Office • Transit Group Emerges From Chapter 11 • And more ...

A series of spending cuts by the United States Postal Service helped the troubled agency cut its losses to $676 million for the fiscal year ended Sept. 30 – more than half of the service’s initial estimate of $1.2 billion.

Iowa Troopers Checking Trucker Logbooks • Bush Nominates Donaldson to Head SEC • Possible New Venezuela Elections Push Oil Prices Lower • Polar Debuts Service to Hawaii • And more ...

Policymakers at the Federal Reserve left interest rates unchanged, at 1.25%, in its final scheduled meeting of 2002.

It is too early to sound a victory cheer, but there are signs that the economy may be stabilizing and could soon start showing some real, sustainable recovery.

President Bush nominated the chief executive of rail company CSX Corp., John Snow, to be his new Treasury secretary in a televised news conference Monday morning.

DOE Says Oil Prices Have Peaked • Court Defers Mexican Trucks Decision • Holiday Buying Could Help Package Carriers • OPEC Expected to Push Members to Cut Production • And more ...