YRC Worldwide said it has finalized an agreement with the Teamsters union in which YRC will provide real estate assets as collateral in lieu of contributions to the union’s pension fund in the second quarter.
June 18, 2009GovernmentBusiness
Leading Economic Indicators Gain 1.2%
An index of leading economic indicators rose 1.2% last month, the New York-based Conference Board said Thursday.
June 18, 2009BusinessGovernment
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month but still showed contraction, the Federal Reserve Bank of Philadelphia said Thursday.
June 18, 2009BusinessSafety
Initial Jobless Claims Rise; Continuing Claims Fall
Initial jobless claims increased last week, but the number of Americans collecting jobless benefits fell the week before for the first time since January, the Labor Department said Thursday.
June 18, 2009Business
FedEx Reports $876 Million 4Q Loss
FedEx Corp. reported it lost $876 million in its fiscal fourth quarter, due largely to one-time charges totaling $1.2 billion.
June 17, 2009BusinessTechnologyEquipmentSafety
UPS Launches Web-Based Parts Fulfillment System
UPS Inc. has launched a new Web-based system that it says will allow companies to more easily manage parts inventory and order and ship parts.
June 17, 2009FuelBusiness
Oil Falls After Inventory Report
Oil fell to $69.38 a barrel in trading Wednesday after the Department of Energy announced that fuel inventories rose last week, Bloomberg reported.
June 17, 2009BusinessGovernment
Consumer Price Index Increases 0.1%
The consumer price index gained 0.1% in May and declined over the past year by the biggest amount since 1950, the Labor Department said Wednesday.
June 17, 2009BusinessSafetyTechnologyEquipment
Ryder to Manage Mexican Distribution for Mazda
Ryder System said that it has agreed to manage auto parts distribution in Mexico for Mazda North American Operations.
June 17, 2009Business
Industrial Production Falls 1.1%
Industrial production fell 1.1% in May, the 16th decline in 17th months, the Federal Reserve said Tuesday.
June 17, 2009