Deutsche Post Chief Executive Officer Frank Appel defended the company’s DHL unit’s pending deal with UPS Inc. under which DHL Express would contract out its North American air operations to UPS, the Wall Street Journal reported Thursday.
August 14, 2008Government, Business, Safety, Fuel
Deutsche Post Chief Defends DHL-UPS Air Deal
Business
Teamsters Reject Carhaul Contract
The Teamsters union said its carhaul members voted to reject a proposed three-year contract with automobile carriers.
August 14, 2008Business, Government
Consumer Price Index Rises 0.8%
Consumer prices rose 0.8% in July, bringing the rise for the last 12 months to 5.6%, the Labor Department said Thursday.
August 14, 2008Business
Jobless Claims Dip for Week
Initial jobless claims fell by 10,000 last week, the Labor Department said Thursday.
August 14, 2008Business, Safety, Government
DOT Freight Transport Index Rises 2.9% in June
The Department of Transportation’s freight transportation services index rose 2.9% in June from a year ago, DOT said Wednesday.
August 13, 2008Government, Business, Safety
Study Predicts Drayage Driver Shortage Due to Security Rules, Growing Imports
A new study by an intermodal consulting firm forecasts a looming shortage of port drayage drivers because of new federal security regulations and a return to growth of freight imports by sea.
August 13, 2008Business, Fuel, Equipment
Cummins to Add SCR Technology in 2010 Engines
Diesel engine maker Cummins Inc. said Wednesday it will add selective catalytic reduction aftertreatment to its heavy-duty 2010 engines.
August 13, 2008Business, Safety, Government
U.S. Driving Declines; Oil Consumption at Five-Year Low
Americans drove 12.2 billion miles fewer in June than the same month a year ago, a 4.7% decline, the U.S. Department of Transportation said Wednesday.
August 13, 2008Business
Navistar’s 2008 Profit Could Top $400 Million
Navistar International Corp. said its 2008 net income will be $312 million to $418 million, or $4.26 to $5.72 per share.
August 13, 2008Business, Government
Retail Sales Fall for First Time in Five Months
Retail sales fell 0.1% in July, the first decline in five months, the Commerce Department said Wednesday.
August 13, 2008