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, 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, 2007Durable Orders Rise for Third Month
Durable goods orders rose for a third straight month in April, gaining 0.6%, the Commerce Department said Thursday.
May 24, 2007House Passes Bill Targeting Gasoline Price Gouging
The House approved legislation Wednesday that would make gasoline price gouging a federal crime, subjecting companies to as much as $150 million in fines, Bloomberg reported.
May 23, 2007Covenant Renames Holding Company
Covenant Transport said Wednesday its stockholders approved a name change to the truckload carrier’s corporation to Covenant Transportation Group Inc.
May 23, 2007Pa. Trucking Group Says Plan to Lease Turnpike Unpopular
The Pennsylvania Motor Truck Association reiterated its opposition to a plan to lease the Pennsylvania Turnpike, saying that a state report was limited in scope.
May 23, 2007Calif. Seeks Stricter Greenhouse-Gas Rules
California has asked U.S. regulators for permission to set its own environmental rules for reducing global warming emissions from passenger vehicles, Bloomberg reported.
May 23, 2007