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, 2008BusinessSafety
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, 2008BusinessSafety
Rail, 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, 2008GovernmentBusinessSafety
FedEx 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, 2008BusinessGovernment
Fed 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.
January 10, 2008Business
Con-way Rebrands CFI Truckload Unit
Con-way Inc. said Thursday it changed the name of its truckload operating unit Contract Freighters Inc. to Con-way Truckload.
January 10, 2008BusinessGovernment
Wholesale Inventories Rise 0.6%
Wholesale inventories rose 0.6% in November, while sales jumped 2.2%, the Commerce Department said Thursday.
January 10, 2008Business
Jobless Claims Fall by 15,000
Initial jobless claims fell by 15,000 for the week ended Saturday to 322,000, a two-month low, the Labor Department said Thursday.
January 10, 2008GovernmentBusinessSafety
I-4 Closed in Florida Following Pileup
A 15-mile stretch of Interstate 4 in central Florida remained closed early Thursday after a 70-vehicle crash Wednesday caused by fog and smoke from a brush fire, the Associated Press reported.
January 10, 2008Business
Panel May Call for 40-Cent Gas-Tax Increase
A panel created to recommend ways to fund road construction plans to propose that federal gasoline taxes rise by as much as 40 cents a gallon over five years, Bloomberg reported.
January 9, 2008