UPS Inc. said Friday it has set a 5.9% rate increase for its less-than-truckload unit, UPS Freight, for 2009.
October 17, 2008BusinessGovernment
Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence rose this month compared with August but was down slightly from a preliminary reading two weeks ago, according to the Reuters/University of Michigan鈥檚 preliminary monthly consumer sentiment index, released Friday.
October 17, 2008GovernmentBusiness
Housing Starts Fall to 26-Year Low
New home construction fell to a 26-year low in September, the Commerce Department said Friday.
October 17, 2008BusinessSafety
Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 17, 2008GovernmentBusiness
Oil Falls Below $70 a Barrel
Oil prices continued their recent downturn, falling to below $70 a barrel and marking the lowest level in more than a year as worldwide demand continued to contract in the face of economic uncertainty, news services reported.
October 17, 2008GovernmentBusinessSafetyFuel
Opinion: The Challenges Facing Trucking
People often ask me how it is that, as a farmer, I stumbled into trucking. I grew up involved in the day-to-day operations of my family鈥檚 Indiana farm, but in 1972, I decided it was time to devote my energies to agribusiness.
October 17, 2008GovernmentBusinessSafety
USA Truck鈥檚 Third-Quarter Income Improves
Truckload carrier USA Truck said Thursday its third-quarter profit jumped to $2.4 million, or 23 cents a share, from $16,000, or zero cents, a year ago.
October 16, 2008BusinessTechnologyEquipmentSafety
Landstar鈥檚 3Q Profit, Revenue Rise
Truckload carrier Landstar System said late Wednesday its third-quarter profit rose to $32.8 million, or 62 cents a share, from $29.3 million, or 54 cents, a year ago.
October 16, 2008FuelBusinessGovernment
Consumer Price Index Unchanged in September
Consumer prices were unchanged in September, kept in check by falling fuel prices, the Labor Department said Thursday.
October 16, 2008Business
Jobless Claims Fall for Week
Initial jobless claims fell by 16,000 last week, while continuing claims reached a five-year high, the Labor Department said Thursday.
October 16, 2008