November Personal Spending Jumps 1.1%
Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.
December 21, 2007EU Seeking Truck Emissions Cuts
European truck makers would have to cut urban air pollution in the European Union as much as 80% under new draft EU rules that would move Europe closer to U.S. standards, Bloomberg reported Friday.
December 21, 2007YRC Buying Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said late Thursday its logistics unit will pay as much as $75 million to buy a Chinese LTL firm.
December 20, 2007Bush Backs EPA on California Waiver Denial
President Bush defended the Environmental Protection Agency’s decision to reject California’s plan to regulate greenhouse gas emissions from automobiles, saying that a national strategy toward climate change is more effective than a state-by-state approach, the Los Angeles Times reported.
December 20, 2007FedEx Corp.’s 2Q Income Declines
FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007Philadelphia Factory Index Contracts
Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.
December 20, 2007Navistar to Buy GM’s Medium-Duty Truck Business
General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business.
December 20, 2007UPS Contract with Teamsters Ratified
UPS Inc. said late Wednesday that the Teamsters union notified the company that the union has certified approved and ratified a new contract covering about 240,000 UPS employees.
December 20, 2007Leading Economic Indicators Decline in November
An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.
December 20, 2007Ryder to Buy Lily’s Truck Leasing Business
Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.
December 20, 2007