Machinists End Freightliner Strike
Union machinists for Freightliner in Portland, Ore., voted to end their week-long strike against the truck maker, the Oregonian newspaper reported Tuesday.
July 10, 2007Wholesale Sales Jump 1.5%; Inventories Gain
Wholesale sales rose faster than inventories rose in May, jumping 1.5%, the Commerce Department said Tuesday.
July 10, 2007Diesel Rises 2¢ to $2.849
The average retail price of U.S. diesel fuel rose 2 cents to $2.849 a gallon, the Department of Energy said Monday.
July 10, 2007Teamsters’ Hoffa Optimistic on UPS Contract
Teamsters President James Hoffa said he is optimistic about reaching a contract agreement for the 238,000 union members at UPS Inc., Bloomberg reported.
July 10, 2007Unemployment Rate Holds at 4.5%
U.S. employers added 132,000 jobs in June while the unemployment rate remained at 4.5%, the Labor Department reported.
July 10, 2007June ISM Services Index Reaches 14-Month High
The economy’s service sector growth rate grew at the fastest pace in more than a year in June, the Institute for Supply Management said.
July 10, 2007Shell to Build New Lubricants Plant in China
Shell Limited, part of Shell Oil Co., broke ground late last month on a lubricants blending plant in southern China.
July 9, 2007MGM Transport Bought by Private-Equity Firm
MGM Transport Corp. has been acquired by private-equity firm CF Holding Co. for an undisclosed sum, the Business Journal of the Greater Triad Area, in North Carolina, reported last week.
July 9, 2007EPA Proposes Tightening Ozone Standard
The Environmental Protection Agency proposed reducing the amount of ozone in the air, which trucking industry and manufacturing officials said could lead to retrofits of older trucks.
July 9, 2007Rail, Intermodal Levels Drop for Week
Rail carload and intermodal freight fell for the week ended June 30 compared with a year ago, the Association of American Railroads said.
July 9, 2007