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Second-Quarter Productivity Rises 1.8%

Second-quarter U.S. worker productivity rose 1.8%, the Labor Department said Tuesday.

August 7, 2007

Wright Express' Earnings Improve in Q2

Wright Express, which provides payment processing and information management services to the trucking industry, reported Tuesday it earned $18.3 million, or 45 cents a share in the second quarter, compared with $9.9 million or 24 cents in 2006.

August 7, 2007

USF Workers Ratify Contract With Teamsters

About 425 drivers and dock workers at USF Reddaway, a unit of less-than-truckload carrier YRC Worldwide, have ratified a new labor contract with the Teamsters, the union said Tuesday.

August 7, 2007

Expeditors’ 2Q Profit Rises

Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago.

August 7, 2007

Expeditors’ 2Q Profit Rises

Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago.

August 7, 2007

GM Completes Sale of Allison Unit

General Motors Corp. on Tuesday closed the sale of its Allison Transmission commercial and military business to buyout firms Carlyle Group and Onex Corp., Bloomberg News reported.

August 7, 2007

Fed Again Holds Interest Rate at 5.25%

For the ninth straight time, the Federal Reserve voted to keep the benchmark U.S. interest rate at 5.25%.

August 7, 2007

Nardelli to Lead Chrysler

Chrysler LLC, the U.S. automobile manufacturing unit of Daimlerchrysler, has appointed Jeff Nardelli as its chief executive officer, Bloomberg News reported Monday.

August 6, 2007

Telargo to Provide Telematics System for LeasePlan USA

Fleet management services firm Telargo Inc. said Monday it will provide telematics systems for vehicle leasing company LeasePlan USA, Alpharetta, Georgia.

August 7, 2007

Hub International Acquires Two Trucking Insurers

Hub International Transportation Insurance Services has acquired two San Antonio-based insurance brokers that provide coverage to the trucking industry, the company said Monday.

August 6, 2007