UPS Inc. said Wednesday it lost $2.58 billion in the fourth quarter, primarily due to a big charge to exit a union pension plan.
January 30, 2008BusinessGovernmentSafetyAutonomous
N.C. Court Rules for Trucking Company in Dispute Over Weight Limit Fines
A judge in North Carolina recently ruled in favor of a trucking company that sued the state for what it said were excessive fines assessed for minor weight limit permit violations.
January 30, 2008GovernmentBusinessSafety
Letters to the Editor: HOS, Roundabouts, Infrastructure Panel
If there ever was a segment of the transportation industry that needed an overhaul, it’s trucking.
January 30, 2008Government
GDP Growth Rate Slows to 0.6% in 4Q
The economy expanded at a 0.6% annual growth rate in the fourth quarter, slowing from the third quarter’s 4.9% rate, the Commerce Department said Wednesday.
January 30, 2008BusinessSafetyGovernmentLogistics
C.H. Robinson’s 4Q Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide’s fourth-quarter profit rose to $85.3 million, or 49 cents a share, from $71.8 million, or 41 cents, a year ago.
January 29, 2008BusinessSafetyGovernmentLogistics
Oberstar Criticizes NTSB on I-35W Bridge
Rep. James Oberstar (D-Minn.), chairman of the House Transportation and Infrastructure Committee, last week criticized the chairman of the National Transportation Safety Board for suggesting a design flaw was a key factor in the Interstate 35W bridge collapse in Minneapolis.
January 29, 2008FuelBusinessLogisticsGovernment
Diesel Dips 1.1¢ to $3.259
The average national price of diesel fuel fell for a third straight week, dropping 1.1 cents to $3.259 a gallon, the Department of Energy said Monday.
January 29, 2008GovernmentBusiness
Consumer Confidence Falls in January
Consumer confidence declined in January, the New York-based Conference Board said Tuesday.
January 29, 2008BusinessGovernment
December Durable Goods Orders Jump 5.2%
Durable goods orders jumped 5.2% in December, the Commerce Department said Tuesday.
January 29, 2008FuelBusinessGovernmentAutonomous
Corporate Express to Use Biodiesel Blend
Corporate Express US said Monday it is now fueling the majority of its 45-truck delivery fleets in Colorado and Kansas with a 20% blend of biodiesel fuel.
January 28, 2008