Old Dominion Freight Line said it will boost its base rates later this month by an average 4.4% in order to offset higher costs.
January 8, 2010BusinessGovernmentEquipment
Workers File Class-Action Suit over Arrow Trucking Closure
A class-action lawsuit has been filed on behalf of the 1,400 former employees of Arrow Trucking, the Tulsa, Okla., flatbed carrier that shut down abruptly last month.
January 11, 2010BusinessFuelGovernment
Diesel Jumps 6.5¢ to $2.797
The average price of U.S. retail diesel rose 6.5 cents a gallon last week to $2.797, the Department of Energy reported, and additional increases may be on the way as crude oil remained above $80 a barrel.
January 11, 2010Business
UPS Says 4Q Earnings to Exceed Guidance; Will Cut Jobs
UPS Inc. said Friday its fourth-quarter earnings will exceed an earlier forecast and that it plans to cut about 1,800 management and administrative positions.
January 8, 2010BusinessGovernment
Wholesale Inventories Jump in November
Wholesale inventories rose 1.5% in November, the biggest gain in five years, the Commerce Department said Friday.
January 8, 2010BusinessGovernmentSafetyEquipment
Cummins Gets EPA 2010 Certification for Heavy, Midrange Engines
Cummins Inc. said Friday it has received U.S. Environmental Protection Agency certification for its heavy-duty and midrange 2010 engines — the heavy-duty big-bore ISX15 and midrange ISB6.7, ISC8.3 and ISL9 units.
January 8, 2010Business
Unemployment Rate Holds at 10% in December
The U.S. unemployment rate stayed at 10% in December, the same rate as November, the Labor Department said Friday.
January 8, 2010Business
Penske to Buy Texas Firm
Penske Truck Leasing Co. said Thursday it has agreed to buy Bright Truck Leasing & Bright Distribution to expand in the Texas market.
January 7, 2010BusinessSafetyGovernment
Patriot Loses Some Big Customers
Patriot Transportation Holding said its transportation group has been unsuccessful in renewing contracts with major customers who accounted for $10 million in revenue last year, or 11% of its total.
January 7, 2010Business
Jobless Claims Rise 1,000 for Week
Initial jobless claims rose by 1,000 last week, the Labor Department said Thursday.
January 7, 2010