ºÚÁϳԹÏÍø

Deutsche Post AG Chief Executive Officer Klaus Zumwinkel will step down from the position he has held for 18 years after German prosecutors announced he was under investigation for tax evasion, Bloomberg reported Friday.

Transport Topics Online will be closed Monday for the Presidents’ Day holiday. Please check back on Tuesday, Feb. 19, for the latest trucking and freight transportation news.

CHICAGO — International Truck and Engine Corp. jumped into the high-end owner-operator market with a stunningly designed vehicle the company promises will be as aerodynamic and fuel-efficient as it is eye-catching.

Risks associated with public-private highway partnership agreements range from higher tolls and traffic diversion to stiff political opposition and potential tax losses, according to a new government study.

Teamsters union members voted 2-to-1 to ratify a new five-year National Master Freight Agreement with major less-than-truckload carriers that trucking industry executives said gives unionized companies new flexibility to adapt to changing market conditions.

Class 8 truck sales plummeted 48.3% in January, compared with totals from a year ago, as dealers moved only 9,600 vehicles, the lowest number since the depths of the previous sales collapse, in 2003, according to data from WardsAuto.com.

Goodyear Tire & Rubber Co. said Thursday it earned $52 million, or 23 cents a share, in the fourth quarter, compared with a loss of $358 million, or $2.02 per share, a year earlier.

Two trucking firms forecast difficult quarters for their upcoming earnings statements.

The U.S. trade deficit narrowed in December by 6.9%, the Commerce Department said Thursday.

Initial jobless claims fell by 9,000 for the week ended Saturday, the Labor Department said Thursday.