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Less-than-truckload company YRC Worldwide’s Teamsters-union employees voted Tuesday on whether to accept a 10% pay cut aimed at helping the carrier, and one analyst said he expects the union to approve the vote, Bloomberg reported.

Federal Reserve policy makers saw “substantial” risks to the U.S. economy when they met last month and some saw the possibility of a “prolonged contraction,” according to minutes of the meeting released Tuesday.

Construction spending fell 0.6% in November, the Commerce Department said Monday.

Navistar International Corp. Monday said its net income for its fiscal year 2009 ending Oct. 31, 2009, will be $370 million to $410 million, or $5.10 to $5.60 per share.

Truck parts and components maker Eaton Corp. said Monday it has sold its VORAD, or vehicle on-board radar, system to Bendix Commercial Vehicle Systems. Terms were not disclosed.

U.S. manufacturing activity contracted at the fastest pace in 28 years in December, the Institute for Supply Management said.

APM Terminals Virginia will discontinue use of company identification cards at its Portsmouth, Va., facility and rely solely on the federal Transportation Workers Identification Credential, or TWIC, a port executive said.

We have to stop going to California; that’s the bottom line. First, they (the ports) put emission standards on who could go into the ports in the Los Angeles area.