18 Apr GLS Acquires Second Parcel Delivery Firm in US European parcel delivery firm General Logistics Systems is further expanding its presence in North America with the purchase of Postal Express Inc. in Bellevue, Wash., for $13.3 million. Read more...
18 Apr New York Teamsters Get Reprieve From Pension Cuts, For Now Thousands of upstate New York retired Teamsters have dodged a potential pension cut, at least for now, thanks to a recent decision by the federal government. Read more...
18 Apr IMF Raises Global Forecast While Warning of Protectionism Threat The emergence of protectionist forces could undermine a modest brightening of the global growth outlook and is putting severe strain on the post-World War II economic order, the International Monetary Fund said. Read more...
18 Apr Volvo, Mack to Display at ExpoCam Volvo Group's two North American brands will display vehicles at ExpoCam, the Montreal-based truck show, including a new tractor for Volvo Trucks. Read more...
18 Apr Factory Output Falls Most Since August Amid Drop in Autos Output at U.S. manufacturers fell in March by the most since August as production of automobiles and parts and business equipment declined, Federal Reserve data showed April 18. Read more...
18 Apr Housing Starts Fell in March to a Four-Month Low New-home construction in the United States cooled in March to a four-month low as starts of single-family properties settled back from the strongest pace in almost a decade, Commerce Department data showed April 18. Read more...
18 Apr Oil Trades at One-Week Low on Signs of Rebound in US Supplies Oil traded at its lowest in more than a week in New York on signs U.S. production is continuing to recover, undermining OPEC's efforts to clear a global glut. Read more...
17 Apr Year-Over-Year Gains Continue as Trailer Orders Top 21,000 U.S. trailer orders cruised past 21,000 in March, extending the streak of year-over-year gains to four months, ACT Research said. Read more...
17 Apr XPO Logistics Employees Reject Unionization at Two Illinois Facilities; OK It in Trenton, N.J. Employees at XPO Logistics Inc.'s less-than-truckload facilities in Aurora and Elgin, Ill., voted against representation by the Teamsters union, the company said April 17. Read more...
17 Apr Diesel Rises 1.5¢ to Tie Highest Price of Year at $2.597 The U.S. average retail price of diesel rose 1.5 cents to $2.597 a gallon, putting it in a tie for the highest price this year, also reached Jan. 9. Read more...