UPS employees represented by the International Brotherhood of Teamsters have voted to approve a new five year labor contract, the parcel carrier said.
November 21, 2007Search
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Initial Jobless Claims Rise for Week
Initial jobless claims fell by 11,000 last week to 330,000, the Labor Department said Wednesday.
November 21, 2007Fed Minutes Highlight Credit Market Concerns, Slower Growth Prospects
Federal Reserve officials lowered their growth forecast and said that they remain concerned about the credit market during their Oct. 30-31 meeting, Bloomberg News reported.
November 20, 2007Allied Systems to Buy PTS
Performance Transportation Services, a Wayne, Mich., auto transporter, said it, along with certain subsidiaries, will file for chapter 11 bankruptcy as part of a $67 million deal to sell nearly all of its assets to Allied Systems Holdings.
November 21, 2007Neighbors Oppose Truck Parking Expansions
Mark Zaluski was one of the lucky ones. At 3:10 p.m. on Oct. 25, his rig occupied one of only 16 truck parking spaces on the north side of a travel plaza off Interstate 94 about 40 miles north of Chicago.
November 26, 2007Bankruptcies Rise as Operating Expenses Grow
Trucking bankruptcies rose 11.5% in October from the previous month as carriers struggled with weak freight demand and sharply rising costs for fuel and other operating expenses, according to data from investment bank Credit Suisse in New York.
November 26, 2007Truckload Profits Decline in 3Q As Freight Levels Continue Slide
The continuing drought in freight withered third-quarter earnings results for truckload carriers, with all 13 of the companies that reported through Nov. 20 showing lower levels of profitability than a year ago.
November 26, 2007Diesel Dips 1.5¢ to $3.41 a Gallon
The average price of retail diesel fell 1.5 cents last week to $3.41 a gallon, ending a string of five straight increases that had pushed the fuel to record levels, the Department of Energy reported.
November 26, 2007Housing Starts Rise in October
Housing starts in October rose 3% to 1.229, the Commerce Department said Tuesday.
November 20, 2007Alcoa Delivers Aluminum Truck Bodies to SIP-WELL
Aluminum manufacturer Alcoa, Pittsburgh, Pa., said Monday that its Alcoa Auto and Truck Structures business in Hungary delivered a aluminum truck bodies to SIP-WELL, a company that delivers water coolers and water to homes and offices.
November 19, 2007