UPS Freight, the less-than-truckload unit of UPS Inc., said Friday it would raise general rates an average of 5.4% for 2008, effective Feb. 4.
January 11, 2008BusinessGovernmentSafetyEquipment
YRC-Union Pact to Raise Pay, Give Carriers New Flexibility
YRC Worldwide’s proposed new contract with the Teamsters union raises wages by $2.20 an hour over five years, increases company pension payments, and sets up a new class of “utility employees” to perform more job duties in exchange for higher pay.
January 14, 2008BusinessFuelGovernment
Diesel Rises Again; DOE Sees $3.40 Average Into Spring
Diesel fuel prices rose again last week, gaining 3.1 cents to $3.376 a gallon in the Department of Energy’s weekly average of filling stations. DOE said average gasoline prices increased 5.6 cents to $3.109.
January 14, 2008Business
International to Open Truck Plant in Russia
International Truck and Engine Corp. will open an assembly plant in Russia this month to tap demand for heavy-duty vehicles in that country, Bloomberg reported Friday.
January 11, 2008BusinessSafety
Officials Reopen Stretch of I-4 in Florida
Florida officials reopened a stretch of Interstate 4 late Thursday that had closed earlier this week following a massive traffic pileup that killed four and injured dozens, the Bradenton (Fla.) Herald newspaper reported.
January 11, 2008BusinessSafety
Rail, Intermodal Traffic Fall
Rail carload and intermodal traffic fell for last the first week of 2008 compared with the same week last year, the Association of American Railroads said.
January 11, 2008GovernmentBusinessSafety
FedEx Says Its Drivers Are Classified Correctly
FedEx Corp. Chief Executive Frederick Smith he is confident the company’s FedEx Ground unit drivers are correctly classified and that the division remains “fundamentally strong” in the face of adverse court rulings.
January 10, 2008BusinessGovernment
Fed Chairman Says Rate Cut Likely
Federal Reserve Board Chairman Ben Bernanke said the Fed would cut interest rates as needed to prevent housing and credit problems from plunging the country into a recession, the Associated Press reported.
January 10, 2008Business
Con-way Rebrands CFI Truckload Unit
Con-way Inc. said Thursday it changed the name of its truckload operating unit Contract Freighters Inc. to Con-way Truckload.
January 10, 2008BusinessGovernment
Wholesale Inventories Rise 0.6%
Wholesale inventories rose 0.6% in November, while sales jumped 2.2%, the Commerce Department said Thursday.
January 10, 2008