Parcel Firms Fined $737 Million for French Price Fixing
France’s competition watchdog fined parcel delivery services including units of Deutsche Post AG’s DHL, FedEx Corp. and TNT Express NV a combined 672.3 million euros ($737 million) for colluding to increase fees.
December 15, 2015OOIDA Sues FMCSA Over ELD Mandate
A day after the Federal Motor Carrier Safety Administration released its final rule on the use of electronic logs for all trucks built since 2000, the Owner-Operator Independent Drivers Association filed suit against the agency.
December 15, 2015Port of L.A. Rolled Back Measures to Cut Pollution During Its 'Green' Expansion
Shortly after the Port of Los Angeles agreed to require air quality improvements at one of its busiest terminals seven years ago, top port officials privately began rolling back pollution-cutting measures they promised, government records obtained by The Los Angeles Times show.
December 15, 2015Gasoline Nearing $2 Seen Spurring Record Holiday Travelers
U.S. travelers over the year-end holiday season will surge to a record 100.5 million as cheap fuel makes trips more affordable.
December 15, 2015Shipping Index Plunges to Fresh Record Amid China Steel Slump
The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make the alloy.
December 15, 2015Consumer Prices Unchanged as Energy Costs Decline
The U.S. cost of living held steady in November, underscoring scant inflation that is well below the Federal Reserve’s goal.
December 15, 2015Diesel Sets New 6 1/2-Year Low at $2.338
The U.S. average retail diesel price fell for the fifth consecutive week, down 4.1 cents a gallon to $2.338, the Department of Energy reported Dec. 14. The latest decline set a new low for prices over the past nearly 6 1/2 years, surpassing $2.354 set June 1, 2009.
December 14, 2015Financial Woes of Teamsters' Central States Pension Fund Hurt Employers, Too
The 225,000 people facing possible cuts in their retirement benefits are the most numerous and visible victims of the Central States Pension Fund troubles. But the fund's deep financial woes also have left hundreds of companies with large potential liabilities, essentially because they have survived where others failed.
December 14, 2015Consumer Drones Must Be Registered, Starting Dec. 21
Owners of consumer drones will have to begin registering with the U.S. government starting next week under a policy issued in time for the expected holiday buying rush.
December 14, 2015Jewell, Ruble Promoted at Forward Air
Forward Air Corp. has appointed new presidents for two divisions, effective Jan. 1, selecting Matthew Jewell to head its intermodal unit and Chris Ruble to lead the expedited services unit.
December 14, 2015