Business

Con-way Inc.’s logistics unit Menlo Worldwide said Sunday it signed an agreement to purchase the privately held parent company of a Chinese logistics firm for $60 million.

In the transportation industry, every trucking company, large or small, does essentially the same thing: Pick up and deliver. So how can smaller carriers compete against larger ones and distinguish themselves from one another?

Expansion of the U.S. Class 8 truck fleet is slowing as carriers continue to put off new truck purchases and demand for freight hauling remains soft, according to a new report by research firm R.L. Polk & Co.

UPS Inc. and the Teamsters union returned to the bargaining table Sept. 5 after an eight-week hiatus for what could be a sprint to a new labor contract by month’s end —10 months before the current six-year contract expires.

With less than two weeks left before a federal appeals court ruling goes into effect nullifying key parts of the driver hours-of-service rule, American Trucking Associations asked the court and the Federal Motor Carrier Safety Administration to temporarily maintain current driver hours.

As the volume of world trade continues to grow, shippers and third-party logistics companies are looking for ways to better manage the flow of goods coming into and out of the United States.

The Owner-Operator Independent Drivers Association said Friday it filed suit to block the Department of Transportation’s pilot program to allow some Mexican trucks to run in full United States.

Vehicle parts manufacturer Eaton Corp. said Friday it will realign its financial reporting structure, increasing the number of business segments reported from four to six, to reflect the company’s growth and changing mix of businesses.

The U.S. lost 4,000 jobs in August for the first time in four years, and the unemployment rate held at 4.6% from July, the Labor Department said Friday.