UPS Inc. said Tuesday its fourth-quarter and full-year net income rose as it delivered almost 4 billion packages in 2010, and that it expects its 2011 profits to hit an all-time high.
February 1, 2011Business
U.S. Xpress Celebrates 25 Years of Service
CHATTANOOGA, Tenn. — On Jan. 21, a quarter-century to the day after U.S. Xpress Enterprises hauled its first load of freight, business “stinks,” said Max Fuller, the company’s co-founder and chief executive officer.
February 1, 2011Government, Business
Construction Spending Falls to Decade Low
Construction spending dropped 2.5% in December to the lowest level in a decade, the Commerce Department reported Tuesday.
February 1, 2011Business
UPS’ Fourth-Quarter Income Jumps
Business, Fuel
Diesel Rises for Ninth Week, Gaining 0.8¢ to $3.438 a Gallon
Diesel’s national average rose 0.8 cent to $3.438 a gallon, its ninth straight gain, while gasoline slipped for the first time in nine weeks, the Department of Energy said Monday.
January 31, 2011Government, Business, Technology, Equipment
U.S. Proposes EOBRs for All Interstate Trucks
The Federal Motor Carrier Safety Administration proposed a regulation Monday that would require interstate truck and bus companies to install electronic onboard recorders in vehicles to monitor drivers’ hours of service.
January 31, 2011Business
Technology Improving for Wireless Inspections
WASHINGTON — Federal Motor Carrier Safety Administration officials said they were making progress toward a broader test of wireless inspections as part of a effort to use electronic technologies to improve carrier safety and efficiency.
January 31, 2011Government, Business
State Trucking Assns. Ask Feds for Help with Snow-Removal Issue
Thirty-one state trucking associations have asked the federal government to study safety issues posed by snow and ice accumulation on trucks.
January 31, 2011Business
Saia Swings to Profit for 4Q, Year
Saia Inc. Monday reported a fourth-quarter profit compared with a loss a year earlier, as tonnage improved.
January 31, 2011Business
Chicago Manufacturing Index Improves
Manufacturing activity in the Chicago region improved in January, the Institute for Supply Chain Management-Chicago said Monday.
January 31, 2011Business, Fuel
Oil Pushes Past $90 a Barrel
Oil rose in early trading Monday to more than $90 a barrel after jumping almost $4 from a two-month low Friday on concerns over unrest in Egypt, Bloomberg reported.
January 31, 2011