UPS Inc. and Chicago-area employees represented by the Teamsters Union have reached a preliminary agreement on a new five-year labor contract, averting a potential strike, Bloomberg reported.
August 1, 2008GovernmentBusinessSafetyLogisticsFuel
Diesel Falls 11.5垄 to $4.603
The national average retail price of diesel fell 11.5 cents to $4.603 a gallon last week, the largest one-week drop in nearly two years and the second consecutive weekly decline, the Department of Energy reported.
August 4, 2008GovernmentBusiness
ExxonMobil Breaks U.S. Record for Quarterly Profit
ExxonMobil Corp.聽broke its own record for the largest quarterly profit posted by a U.S. company, reporting net earnings of $11.7 billion, or $2.22 a share, up from $10.3 billion, or $1.83, a year ago.
August 1, 2008GovernmentBusiness
Construction Spending Falls 0.4%
Construction spending fell 0.4% in June, the Commerce Department said Friday.
August 1, 2008BusinessSafetyGovernment
ISM Factory Index Stagnant in July
U.S. manufacturing was stagnant in July, as factory orders plunged to the lowest level in almost seven years, the Institute for Supply Management said Friday.
August 1, 2008BusinessSafety
Intermodal Volumes Fall for Week
Intermodal traffic for the week ended July 26 fell from year-ago levels, the Association of American Railroads said in its weekly report.
August 1, 2008Business
July Unemployment at Four-Year High as Payrolls Fall
U.S. payrolls declined in July as the unemployment rate rose to 5.7%, the highest level since 2004, the Labor Department said Friday.
August 1, 2008Business
Memorial Events Planned on Anniversary of Bridge Collapse, Paper Says
Several community events to be held Friday will mark the one-year anniversary of the collapse of the Interstate 35W bridge in Minneapolis, the Star Tribune newspaper reported.
August 1, 2008FuelBusinessSafetyEquipmentGovernment
Bridgestone Firestone to Hike Prices by Up to 10%
Bridgestone Firestone North American Tire said Thursday that it will raise prices by up to 10% on all of its truck, bus, pickup and passenger tires because of higher raw materials costs and persistently high fuel prices.
July 31, 2008GovernmentBusiness
Deutsche Post Earnings Hurt by Costs at U.S. Express Unit
Germany鈥檚 Deutsche Post AG, parent of U.S. parcel carrier DHL Express, said its second-quarter profit fell 11% to about $396 million, or 33 cents a share, on costs to revamp its parcel delivery business in North America, Bloomberg News Reported.
July 31, 2008