UPS Freight, the less-than-truckload unit of UPS Inc., said it will institute an average 5.9% general rate increase later this month.
October 1, 2010Business
YRC Chief Zollars to Retire After Recovery Plan Is Done
William Zollars, the chief executive officer who built YRC Worldwide Inc. into a $10 billion freight company and then navigated the company through large losses during the recession, said last week that he will retire when the companys comprehensive recovery plan is completed.
October 4, 2010GovernmentBusinessTechnologyEquipment
Bill Would Require EOBRs on All Trucks
Two U.S. senators, with the support of some of the nations largest trucking fleets, introduced legislation last week that would require all trucks to use electronic onboard recorders to monitor their drivers hours of service.
October 4, 2010BusinessFuel
Diesel Dips 0.9瞽 to $2.951 a Gallon
The national average price for retail diesel dipped 0.9 cent a gallon to $2.951 last week, and gasoline dropped 2.9 cents to $2.694 a gallon, the Department of Energy reported.
October 4, 2010BusinessFuel
Oil Closes Week Over $80 a Barrel
Oil finished the trading week over $80 a barrel, closing above that level for the first time in almost two months, Bloomberg reported.
October 1, 2010GovernmentBusiness
ATA Backs Freight-Movement Bill
American Trucking Associations said it is backing legislation proposed by a California congresswoman aimed at improving freight movement throughout the country.
October 1, 2010Business
Construction Spending Rises in August
Construction spending rose 0.4% in August, the Commerce Department said Friday.
October 1, 2010Business
YRC Changes Ticker Symbol for Month
YRC Worldwide said Friday its ticker symbol has temporarily changed to YRCWD, from YRCW, a standard practice in conjunction with its reverse stock split.
October 1, 2010Business
Consumer Spending Rises in August
Consumer personal spending rose 0.4% in August as incomes improved, the Commerce Department said Friday.
October 1, 2010Business
Freight Forwarders Admit to Price Fixing
Six international freight forwarders have agreed to plead guilty and pay $50.3 million in fines in relation to a price-fixing investigation, federal officials said.
October 1, 2010