UPS Freight, the less-than-truckload unit of UPS Inc., said Friday it would raise general rates an average of 5.4% for 2008, effective Feb. 4.
January 11, 2008Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
ATA, FMCSA Urge U.S. Court to Reject HOS Rule Appeal
ATA and FMCSA last week asked a federal court to reject the latest attempt to roll back key provisions of the federal driver-hours rule, the latest step in several years of litigation that observers predicted would keep the rule in flux until after President Bush leaves office next year.
January 14, 2008Panel to Back Fuel Tax Hike
The commission charged with examining the future of the national transportation system is set to recommend a significant increase in federal fuel taxes to Congress, according to wire service reports and other sources.
January 14, 2008YRC-Union Pact to Raise Pay, Give Carriers New Flexibility
YRC Worldwide’s proposed new contract with the Teamsters union raises wages by $2.20 an hour over five years, increases company pension payments, and sets up a new class of “utility employees†to perform more job duties in exchange for higher pay.
January 14, 2008Diesel Rises Again; DOE Sees $3.40 Average Into Spring
Diesel fuel prices rose again last week, gaining 3.1 cents to $3.376 a gallon in the Department of Energy’s weekly average of filling stations. DOE said average gasoline prices increased 5.6 cents to $3.109.
January 14, 2008International to Open Truck Plant in Russia
International Truck and Engine Corp. will open an assembly plant in Russia this month to tap demand for heavy-duty vehicles in that country, Bloomberg reported Friday.
January 11, 2008UPS Freight Sets 5.4% Rate Increase
Officials Reopen Stretch of I-4 in Florida
Florida officials reopened a stretch of Interstate 4 late Thursday that had closed earlier this week following a massive traffic pileup that killed four and injured dozens, the Bradenton (Fla.) Herald newspaper reported.
January 11, 2008Rail, Intermodal Traffic Fall
Rail carload and intermodal traffic fell for last the first week of 2008 compared with the same week last year, the Association of American Railroads said.
January 11, 2008FedEx Says Its Drivers Are Classified Correctly
FedEx Corp. Chief Executive Frederick Smith he is confident the company’s FedEx Ground unit drivers are correctly classified and that the division remains “fundamentally strong†in the face of adverse court rulings.
January 10, 2008Fed Chairman Says Rate Cut Likely
Federal Reserve Board Chairman Ben Bernanke said the Fed would cut interest rates as needed to prevent housing and credit problems from plunging the country into a recession, the Associated Press reported.
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