UPS Inc. and Chicago-area employees represented by the Teamsters Union have reached a preliminary agreement on a new five-year labor contract, averting a potential strike, Bloomberg reported.
August 1, 2008Government, Business
ExxonMobil Breaks U.S. Record for Quarterly Profit
ExxonMobil Corp. broke its own record for the largest quarterly profit posted by a U.S. company, reporting net earnings of $11.7 billion, or $2.22 a share, up from $10.3 billion, or $1.83, a year ago.
August 1, 2008Government, Business
Construction Spending Falls 0.4%
Construction spending fell 0.4% in June, the Commerce Department said Friday.
August 1, 2008Business, Safety, Government
ISM Factory Index Stagnant in July
U.S. manufacturing was stagnant in July, as factory orders plunged to the lowest level in almost seven years, the Institute for Supply Management said Friday.
August 1, 2008Business, Safety
Intermodal Volumes Fall for Week
Intermodal traffic for the week ended July 26 fell from year-ago levels, the Association of American Railroads said in its weekly report.
August 1, 2008Business
July Unemployment at Four-Year High as Payrolls Fall
U.S. payrolls declined in July as the unemployment rate rose to 5.7%, the highest level since 2004, the Labor Department said Friday.
August 1, 2008Business
Memorial Events Planned on Anniversary of Bridge Collapse, Paper Says
Several community events to be held Friday will mark the one-year anniversary of the collapse of the Interstate 35W bridge in Minneapolis, the Star Tribune newspaper reported.
August 1, 2008Fuel, Business, Safety, Equipment, Government
Bridgestone Firestone to Hike Prices by Up to 10%
Bridgestone Firestone North American Tire said Thursday that it will raise prices by up to 10% on all of its truck, bus, pickup and passenger tires because of higher raw materials costs and persistently high fuel prices.
July 31, 2008Government, Business
Deutsche Post Earnings Hurt by Costs at U.S. Express Unit
Germany’s Deutsche Post AG, parent of U.S. parcel carrier DHL Express, said its second-quarter profit fell 11% to about $396 million, or 33 cents a share, on costs to revamp its parcel delivery business in North America, Bloomberg News Reported.
July 31, 2008Business, Safety, Equipment
Goodyear’s 2Q Profit Rises on International Sales
Goodyear Tire & Rubber Co.’s second-quarter profit rose to $75 million, or 31 cents a share, from $56 million, or 26 cents, in 2007 as stronger international sales offset a slip in the North American market, the company said Thursday.
July 31, 2008