Union Fund Exit Would Cost UPS Up to $4 Billion
UPS Inc. would have to pay about up to $4 billion to cover its share of a Teamsters pension fund’s obligations, industry sources said.
May 28, 2007STB Asked to Delay New Limits On Freight Rate-Setting Bureaus
The National Motor Freight Traffic Association has asked the Surface Transportation Board to delay a decision to end antitrust immunity for trucking rate bureaus.
May 28, 2007Technology Speeds Load-Planning Tasks
Eight years ago, a busy day for load planner Rick Demitruk of Express-1 Expedited Solutions Inc. meant dispatching 20 to 30 loads and shepherding them through to delivery.
May 28, 2007Diesel Rises 3¢ to $2.803 a Gallon
Diesel fuel's national average price rose 3 cents to $2.803 a gallon last week, while retail gasoline spiked 11.5 cents to an all-time record of $3.218.
May 28, 2007Allied Holdings Names Gendregske CEO
Allied Holdings, Decatur, Ga., the bankrupt parent of auto hauler Allied Automotive Group, on Friday said it named Mark Gendregske, the former head of Vector SCM, its new chief executive officer.
May 25, 2007Existing Homes Sales Fall to Lowest Level in Nearly Four Years
Existing home sales fell 2.6% in April, tumbling to their lowest level in nearly four years, the National Association of Realtors said Friday.
May 25, 2007Rail, Intermodal Fall for Week
Rail carload and intermodal freight fell last week compared with a year ago, the Association of American Railroads said.
May 25, 2007EGL Accepts Ceva’s Bid
EGL Inc. said Thursday it had accepted a $2 billion bid to be acquired by the Ceva Group, which is owned by private-equity firm Apollo Management.
May 25, 2007Aurora Parts & Accessories Names Clarke CEO
Aurora Parts & Accessories, a unit of Aurora Trailer Holdings LLC, said Thursday it has appointed David Clarke chief executive officer.
May 24, 2007Biofuels May Boost Gas Prices, N.Y. Times Says
Continued record high gasoline prices may become a trend, due in part to an expansion in biofuel development, according to some oil executives, the New York Times reported Thursday.
May 24, 2007