Deutsche Post Chief Executive Officer Frank Appel defended the company鈥檚 DHL unit鈥檚 pending deal with UPS Inc. under which DHL Express would contract out its North American air operations to UPS, the Wall Street Journal reported Thursday.
August 14, 2008BusinessGovernment
N.Y. State Manufacturing Index Shows Growth
Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Friday.
August 15, 2008BusinessSafetyGovernment
Truck-Related Fatalities Declined Last Year, DOT Says
U.S. road fatalities and truck-related fatalities both declined last year, the Department of Transportation said Thursday.
August 14, 2008BusinessGovernment
Consumer Price Index Rises 0.8%
Consumer prices rose 0.8% in July, bringing the rise for the last 12 months to 5.6%, the Labor Department said Thursday.
August 14, 2008BusinessSafetyGovernment
DOT Freight Transport Index Rises 2.9% in June
The Department of Transportation鈥檚 freight transportation services index rose 2.9% in June from a year ago, DOT said Wednesday.
August 13, 2008GovernmentBusinessSafety
Study Predicts Drayage Driver Shortage Due to Security Rules, Growing Imports
A new study by an intermodal consulting firm forecasts a looming shortage of port drayage drivers because of new federal security regulations and a return to growth of freight imports by sea.
August 13, 2008BusinessSafetyGovernment
U.S. Driving Declines; Oil Consumption at Five-Year Low
Americans drove 12.2 billion miles fewer in June than the same month a year ago, a 4.7% decline, the U.S. Department of Transportation said Wednesday.
August 13, 2008BusinessGovernment
Retail Sales Fall for First Time in Five Months
Retail sales fell 0.1% in July, the first decline in five months, the Commerce Department said Wednesday.
August 13, 2008BusinessSafetyGovernment
Trimac鈥檚 Second-Quarter Income Drops
Canada-based transportation firm Trimac Income Fund said its second-quarter net earnings plunged to C$2.6 million, or 9 cents per unit, from C$7.9 million, or 17 cents, a year ago.
August 13, 2008BusinessGovernment
Business Inventories Gain 0.7%
Business inventories rose 0.7% in May, the Commerce Department said Wednesday.
August 13, 2008