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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, 2008

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

I-4 Closed in Florida Following Pileup

A 15-mile stretch of Interstate 4 in central Florida remained closed early Thursday after a 70-vehicle crash Wednesday caused by fog and smoke from a brush fire, the Associated Press reported.

January 10, 2008

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, 2008

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, 2008

DOT Freight Index Gains 1.8%

The Department of Transportation’s freight transportation services index for November rose 1.8% from a year earlier, DOT said Wednesday.

January 9, 2008

Polar Air Cargo to Begin U.S.-Japan Flights

Polar Air Cargo Worldwide said Wednesday it will begin service to Japan, from Chicago, starting Feb. 21.

January 9, 2008

Year in Review: Hours Battle Continued in ’07 as Adversaries Went to Court

The eyes of the trucking industry were firmly fixed on Washington for much of 2007, first watching a federal court deliberate over the fate of the hours-of-service rule, then looking to the Federal Motor Carrier Safety Administration to see how it would address the court’s ruling.

January 9, 2008

UPS Expands International Express Service

UPS Inc. said Monday it is expanding an international air-freight service that guarantees delivery dates, as it leans more on global operations.

January 7, 2008