GM Completes Sale of Allison Unit
General Motors Corp. on Tuesday closed the sale of its Allison Transmission commercial and military business to buyout firms Carlyle Group and Onex Corp., Bloomberg News reported.
August 7, 2007Expeditors’ 2Q Profit Rises
Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago.
August 7, 2007Expeditors’ 2Q Profit Rises
Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago.
August 7, 2007Diesel Rises 1.2 Cents to $2.898 a Gallon
The national average price of diesel fuel rose to its highest level this year, climbing 1.2 cents to $2.898 a gallon, the Department of Energy reported Monday.
August 7, 2007USF Workers Ratify Contract With Teamsters
About 425 drivers and dock workers at USF Reddaway, a unit of less-than-truckload carrier YRC Worldwide, have ratified a new labor contract with the Teamsters, the union said Tuesday.
August 7, 2007Editorial: Repairing the HOS Rule
It’s unfortunate that the U.S. Circuit Court of Appeals voted to vacate portions of the newest hours-of-service rule put forth by the Federal Motor Carrier Safety Administration.
August 7, 2007Second-Quarter Productivity Rises 1.8%
Second-quarter U.S. worker productivity rose 1.8%, the Labor Department said Tuesday.
August 7, 2007Goodyear Appoints Schmitz CFO
Goodyear Tire and Rubber Co., Akron, Ohio, said Tuesday it appointed Mark Schmitz its new chief financial officer.
August 7, 2007Postal Service Reports Results for Fiscal 3Q
Priority and express volumes at U.S. Postal Service declined during the organization’s fiscal third quarter, while parcel post shipments increased slightly, the postal service said.
August 7, 2007Senate Panel Gives EPA October Deadline to Rule on Calif. Carbon Emissions Request
Just weeks after Environmental Protection Agency Administrator Stephen Johnson said he would delay ruling on California’s nearly 2-year-old request for approval to limit vehicle emissions of greenhouse gases until the end of the year, a Senate committee passed a bill directing him to decide by October.
August 7, 2007