Less-than-truckload carrier YRC Worldwide said late Thursday its logistics unit will pay as much as $75 million to buy a Chinese LTL firm.
December 20, 2007Business, Government, Logistics
YRC Buying Chinese LTL Firm
Government, Business, Safety, Logistics, Fuel
Bush Backs EPA on California Waiver Denial
President Bush defended the Environmental Protection Agency’s decision to reject California’s plan to regulate greenhouse gas emissions from automobiles, saying that a national strategy toward climate change is more effective than a state-by-state approach, the Los Angeles Times reported.
December 20, 2007Business
FedEx Corp.’s 2Q Income Declines
FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007Business, Government
Philadelphia Factory Index Contracts
Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.
December 20, 2007Business
Navistar to Buy GM’s Medium-Duty Truck Business
General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business.
December 20, 2007Business
UPS Contract with Teamsters Ratified
UPS Inc. said late Wednesday that the Teamsters union notified the company that the union has certified approved and ratified a new contract covering about 240,000 UPS employees.
December 20, 2007Government, Business
Leading Economic Indicators Decline in November
An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.
December 20, 2007Business, Safety, Government, Technology, Equipment
Ryder to Buy Lily’s Truck Leasing Business
Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.
December 20, 2007Business
Jobless Claims Rise for Week
Initial jobless claims rose by 12,000 last week to 346,000 last week, the Labor Department said Thursday.
December 20, 2007Government, Business, Safety, Logistics
NMFTA’s Pugh Resigns as Executive Director
Bill Pugh, executive director and general counsel of the National Motor Freight Traffic Association, resigned the post he has held for the past six years, NMFTA said.
December 19, 2007