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Former DOT Secretary Mineta to Receive Medal of Freedom

Former Department of Transportation Secretary Norman Mineta will be among a handful of recipients of the 2006 Presidential Medal of Freedom, the highest U.S civilian award, the White House said.

December 11, 2006

California Ports to Study Magnetic Trains to Carry Freight

Los Angeles-area port officials are planning to study whether magnetic levitation trains could be used to ferry cargo containers moving through the nation’s largest port complex, the Associated Press reported.

December 11, 2006

UPS Offers Voluntary Buyouts to 650 Workers

UPS Inc. said Monday it offered a voluntary separation agreements to about 650 employees as part of the company’s ongoing effort to eliminate redundant positions.

December 11, 2006

AIG Buys U.S. Container Ports From DP World

Insurance company American International Group bought six U.S. container ports from the United Arab Emirates’ state-owned DP World, Bloomberg reported Monday.

December 11, 2006

Deutsche Post Expects Strong 2007 in Logistics Division

Deutsche Post logistics division reiterated its 2006 forecast and said it will outperform the market and post “strong growth” next year as more acquisitions are integrated, Bloomberg reported Monday.

December 11, 2006

Ohio Smoking Ban Enforcement Delayed

Ohio has delayed enforcing its new smoking ban until specific rules and regulations are written, the Cincinnati Enquirer reported.

December 11, 2006

October Truck Tonnage Index Revised to 1.9% Decline

American Trucking Associations’ seasonally adjusted truck tonnage index fell 1.9% in October, more than an earlier 1.8% reading, the group said late Friday.

December 11, 2006

Wholesale Inventories Rise; Sales Decline

U.S. wholesale inventories rose 0.8% in October as sales posted their first consecutive declines in more than three years, the Commerce Department said Monday.

December 11, 2006

UPS’ CEO Eskew Sees Potentially Biggest Holiday Season

UPS Inc. Chairman and Chief Executive Officer Michael Eskew said the company may see its biggest Christmas season yet, because Thanksgiving came early this year, leading to more shopping days before Christmas, the New York Times reported.

December 11, 2006

Consumer Confidence Slips in December

U.S. consumer confidence in December fell from close to a 15-month high, the University of Michigan said Friday.

December 8, 2006