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On the heels of YRC Worldwide’s settlement with the Teamsters union on a new five-year labor contract with in-creased work-rule flexibility, ABF Freight System said it will offer an ambitious proposal to spend about $825 million to “withdraw from all of the 27 multi-employer pension plans to which we contribute.”

Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.

Safety advocates have again gone to court to try to block the Department of Transportation’s rule on truck driver hours of service, news reports said.

Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.

An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.

Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.

Bill Pugh, executive director and general counsel of the National Motor Freight Traffic Association, resigned the post he has held for the past six years, NMFTA said.

The U.S. economy expanded at a 4.9 % annual growth rate in the third quarter, the most in four years, the Commerce Department said Thursday.