National average diesel prices are expected to climb for the next three months before receding slightly toward the end of the year, according to projections by the Department of Energy.
July 11, 2007Business, Government
UPS Faults Teamsters on Freight Unit Organizing
UPS Inc. said some of the Teamsters’ union’s locals are using a “campaign of deception” in an attempt to organize the company’s freight-hauling unit, Bloomberg reported.
July 11, 2007Business, Logistics, Fuel, Government
Diesel Price to Rise, DOE Says
Government, Business
Utility Opens New Minn. Trailer Facility
Trailer maker Utility Trailer Manufacturing Co. said Wednesday that its dealer, Allstate Sales & Leasing Corp., opened a new facility in Minnesota.
July 11, 2007Business
Machinists End Freightliner Strike
Union machinists for Freightliner in Portland, Ore., voted to end their week-long strike against the truck maker, the Oregonian newspaper reported Tuesday.
July 10, 2007Business, Government
Wholesale Sales Jump 1.5%; Inventories Gain
Wholesale sales rose faster than inventories rose in May, jumping 1.5%, the Commerce Department said Tuesday.
July 10, 2007Fuel, Business, Government
Diesel Rises 2¢ to $2.849
The average retail price of U.S. diesel fuel rose 2 cents to $2.849 a gallon, the Department of Energy said Monday.
July 10, 2007Business
Teamsters’ Hoffa Optimistic on UPS Contract
Teamsters President James Hoffa said he is optimistic about reaching a contract agreement for the 238,000 union members at UPS Inc., Bloomberg reported.
July 10, 2007Business
Unemployment Rate Holds at 4.5%
U.S. employers added 132,000 jobs in June while the unemployment rate remained at 4.5%, the Labor Department reported.
July 10, 2007Business, Safety, Government
June ISM Services Index Reaches 14-Month High
The economy’s service sector growth rate grew at the fastest pace in more than a year in June, the Institute for Supply Management said.
July 10, 2007Business, Government, Logistics
Shell to Build New Lubricants Plant in China
Shell Limited, part of Shell Oil Co., broke ground late last month on a lubricants blending plant in southern China.
July 9, 2007