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UPS Inc. said Monday that Leo Suggs has stepped down as president of the company’s UPS Freight less-than-truckload unit. He has been succeeded by long-time colleague Gordon Mackenzie.

The University of Michigan’s consumer sentiment index for July declined to 84.7 from an 84.9 reading in June as conflict in the Middle East added to worries of higher gasoline prices and a cooling economy, Bloomberg reported.

Tire maker Michelin’s net income for the first half of 2006 fell 29% to 276 million euros, down from 389 million euros a year ago, Bloomberg reported.

American Trucking Associations said Tuesday its preliminary June for-hire truck tonnage index decreased for the first time in three months, falling 0.7% following gains of 2% and 0.4% in April and May, respectively.

Less-than-truckload company YRC Worldwide Inc. said it is prepared to begin contract talks with the Teamsters Union early, Bloomberg reported Friday.

Truckload carrier Celadon Group reported late Thursday earnings and revenue for its fourth quarter and fiscal year ended June 30.

The U.S. economy grew at a 2.5% annual rate in the second quarter, the Commerce Department said Thursday.

When is the bubble going to pop? I personally have not taken a pay raise, and none of my employees or their family members has received one, either. As the price of fuel climbs, so do the prices of goods. Yet no one I have spoken to has been given an increase in pay to combat this issue.

Ryder System said Thursday its second-quarter net income rose to $70.3 million or $1.13 cents a share, from $63.3 million or 98 cents a year earlier.

Old Dominion Freight Line said Thursday its second-quarter net income jumped 55.3% to $21.6 million or 58 cents a share, from $13.9 million or 37 cents a year earlier.