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Recently, the shipping industry has been under attack by those who favor increased litigation. It is very important to trace the origins of a time-proven approach to provide assurance to customers that they won’t have to struggle with value and payment. One such established way is the Carmack Amendment, which applies to many parts of the shipping industry.

Crude oil futures fell $1.01 to close at a five-month low of $66.31 a barrel on the New York Mercantile Exchange, Bloomberg reported Friday.

The Teamsters Union began contract talks with UPS Freight workers in Indianapolis, marking the beginning of an initiative to organize more than 15,000 workers at the former Overnite Transportation, Teamsters said Thursday.

A Swedish private equity firm has acquired 5% of the voting rights in truck manufacturer Volvo AB and will seek membership on the company’s board, the Associated Press reported Wednesday.

Air and ocean freight forwarder UTi Worldwide’s fiscal 2007 second-quarter profit rose to $23.7 million or 24 cents a share, from $22.3 million or 23 cents a year ago.

Stonepath Group will sell its Stonepath Logistics International Services unit to JTM Acquisition Corp. for $17.9 million, the company said Wednesday.

Air cargo shipments rose 4.7% in July compared with the same month last year, the Air Transport Association said Thursday.

First-time U.S. jobless claims fell by 9,000 to 310,000 last week, the Labor Department said Thursday.

U.S. wholesale inventories rose 0.8% in July, the Commerce Department said Thursday.

Goodyear Tire and Rubber Co. will sell its tire fabric operations to Hyosung Corp. of Seoul, South Korea, the tire manufacturer said Thursday.