Teamsters Criticize YRC’s Offer to Buy ABF
The Teamsters union strongly criticized YRC Worldwide’s bid to buy ABF Freight System, calling such a potential merger “unconscionable.”
May 10, 2013Intermodal Traffic Rises 2.8% for Week
U.S. rail intermodal traffic rose 2.8% last week from the same week a year ago to 245,678 units, the Association of American Railroads reported.
May 10, 2013Postal Service Reports $1.9 Billion 2Q Loss
The U.S. Postal Service reported a $1.9 billion loss for its fiscal second quarter, compared with a $1.3 billion loss in the previous quarter, the New York Times reported Friday.
May 10, 2013Oil Declines as OPEC Boosts Production
Oil fell for a second day Friday, dropping below $95 a barrel as rising supplies countered signs of economic growth and OPEC boosted production, Bloomberg News reported.
May 10, 2013L.A. Council Approves BNSF Intermodal Yard for SoCal Ports
The Los Angeles City Council approved an intermodal rail yard to serve the Los Angeles and Long Beach port terminals, the Los Angeles Times reported.
May 10, 2013Arkansas Best Rebuffs YRC’s Bid to Buy ABF Freight System
Arkansas Best Corp. said in a regulatory filing Thursday that it rejected an overture by less-than-truckload competitor YRC Worldwide to buy its ABF Freight System unit.
May 9, 2013Visteon Posts First-Quarter Profit
Vehicle parts manufacturer Visteon Corp. posted a first-quarter profit, improving upon the loss it experienced during the same time in 2012.
May 9, 2013XRS Corp. Swings to 2Q Profit
XRS Corp. on Thursday reported a profit for its fiscal second quarter compared with a loss a year ago.
May 9, 2013Cooper Reports Higher First-Quarter Profit
Cooper Tire & Rubber Co. said it posted a higher first-quarter profit but lower revenue on a soft global tire market.
May 9, 2013Senate Republicans Block Vote on EPA Nominee McCarthy
Republicans on the Senate Environment and Public Works Committee blocked a vote on confirming Gina McCarthy to head the Environmental Protection Agency by boycotting a scheduled meeting Thursday to consider the nomination, Bloomberg News reported.
May 9, 2013