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UPS Inc. employees represented by the Teamsters union will get a pay increase of $4 an hour and additional benefits worth $5 an hour under a new five-year contract, Bloomberg reported.

Heavy-duty vehicle parts manufacturer Eaton Corp. said Monday its third-quarter net earnings rose 4%, though the company lowered its full-year profit forecast.

California officials reopened southbound lanes of Interstate 5 near Los Angeles early Monday after a 31-vehicle pileup over the weekend killed three and closed a freeway tunnel, USA Today reported.

The average retail price of diesel fuel fell 1.3 cents last week to $3.035 a gallon, the first decline after five straight increases, the Department of Energy said.

Daimler AG marked the end of its nine-year marriage to Chrysler, dropping the U.S. automaker from its corporate name and renaming Freightliner LLC, its U.S. truck-building subsidiary, Daimler Trucks North America LLC.

LAS VEGAS — Growing concern about global warming will help trucking’s push for longer and heavier vehicle limits, an issue that may be gaining “buoyancy” in Congress, ATA President Bill Graves said recently.

Contract talks between the Teamsters union and representatives of the nation’s largest less-than-truckload freight carrier began Oct. 1 with representatives of both sides indicating a desire to secure an early agreement.

Vermont leaders expressed dismay at an effort by the Bush administration to oppose new state rules designed to reduce vehicle carbon emissions, amid growing concern the rules will be rejected by the Environmental Protection Agency, the Associated Press reported.

UPS Inc. said Monday Chairman and Chief Executive Officer Mike Eskew will step down at the end of the year and be replaced by Scott Davis, the company's vice chairman and chief financial officer.