UPS Takes Control of Korean Venture
UPS Inc. said Wednesday that it has signed agreement with Korea Express Co. Ltd. to acquire KEC’s interest in the companies’ joint venture company in Seoul, South Korea.
June 18, 2008Bush Calls for More U.S. Oil Exploration
President Bush said Wednesday that Congress should allow for expanded U.S. offshore oil drilling and called for opening up more areas for domestic energy exploration.
June 18, 2008Roadway Sets New Custom Pickup and Delivery Service
YRC Worldwide unit Roadway Express said Wednesday it has launched a new specialized pickup and delivery service.
June 18, 2008Letters to the Editor: Fuel Price Crisis, LTLs, Truck Weights, Hurricane Season
I would like to comment on a letter in the June 2 edition suggesting that the only way to bring fuel prices down is for truckers to stage protests.
June 18, 2008Proposed Rule Would Keep Trucks Off N.Y. Secondary Roads
New York state is considering rules that would keep large trucks on interstate highways only, except to access terminals or to reach food, fuel, rest or repair locations.
June 18, 2008YRC to Take 2Q Charges; Affirms Core Earnings Outlook
YRC Worldwide late Tuesday reaffirmed its core second-quarter earnings guidance, but said its financial statement would include some special charges.
June 17, 2008Volvo to Develop Lightweight Sleepers
Volvo Trucks North America said it will develop lightweight prototype sleepers made with advanced composite material technology as part of a U.S. Army program to reduce the weight and improve fuel economy of trucks.
June 17, 2008Interstate 80 Reopens in Iowa Following Floods
Interstate 80 has reopened in Iowa, the Iowa Department of Transportation said.
June 17, 2008Diesel Holds at $4.692; Gas Jumps 4.3¢ to $4.082
The national average price of diesel held at $4.692 a gallon from a week ago, while gasoline continued its string of increases in rising 4.3 cents to a record $4.082, the Department of Energy reported.
June 17, 2008Industrial Production Falls 0.2%
U.S. industrial production dipped 0.2% in May, the Federal Reserve said Tuesday.
June 17, 2008