VIDEO: Making Deliveries Greener, UPS Set to Buy Electric Trucks
Amp Electric Vehicles CEO Steve Burns discusses the commercial drone market and the company’s electric delivery trucks on Bloomberg’s “Market Makers.”
December 22, 2014Senate Approves $1 Trillion Spending Bill and HOS Provision Suspension; Obama Signs into Law
The Senate has passed the $1 trillion federal spending bill that includes the suspension of a key HOS restart provision.
December 12, 2014Another Milestone: Oil Below $60 A Barrel
West Texas Intermediate oil dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share. Brent fell to a five-year low.
December 11, 2014VIDEO: Holiday Delivery Season Off to Good Start, Says UPS CEO
David Abney, CEO of UPS Inc., which ranks No. 1 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, talks to Trish Regan on Bloomberg Television’s “Street Smart” about the company’s outlook for parcel deliveries during the holiday season.
December 9, 2014Trade Gap Little Changed as Imports, Exports Increase
The trade deficit was little changed in October as an improving U.S. economy caused imports to climb to a record while exports also rose.
December 5, 2014UTi Halts Sale Talks After Stock Surges
UTi Worldwide Inc. and DSV A/S have ended talks after news of DSV’s potential acquisition sent UTi’s shares surging.
December 4, 2014First US Gas Station Drops Below $2 a Gallon
$2 gasoline is back in the U.S.
December 3, 2014Service Industries Expand at Second-Fastest Pace in Nine Years
Service industries in the U.S. expanded in November at the second-fastest pace in more than nine years, a sign the world’s largest economy is powering past a global slowdown.
December 3, 2014Companies Added 208,000 Workers in November, ADP Says
Companies in the U.S. added 208,000 workers in November, indicating steady progress in the labor market, a private payrolls report showed.
December 3, 2014UTi Denies Reported Talks of Advanced Sale
UTi Worldwide Inc., the U.S. logistics firm whose biggest shareholder is hedge fund P2 Capital Partners, has denied a report by Bloomberg News that it is in advanced talks to sell itself to DSV A/S, the Nordic region’s biggest trucking company.
December 3, 2014