Business

The Teamsters union and UPS Inc. said they are resuming talks on rejected supplemental agreements to a master contract for the Package division that won rank-and-file approval last week, and the two are trying to reach a new tentative deal for workers in UPS’ Freight division.

WASHINGTON — Truck makers said they expect the availability of new, bigger engines to spark significantly higher sales levels of natural gas-powered trucks in coming years.

An ongoing battle over proposed changes in lease-accounting rules has made it increasingly important for fleets to pay close attention to the complex and far-reaching issue, according to several industry experts.

The federal government’s changes to the hours-of-service rules are set to begin July 1, despite continued objections from the trucking industry.

WASHINGTON — All of the tractors that UPS Inc. buys next year for its U.S. parcel division will be powered by natural-gas engines, as the company announced plans last week to purchase 285 more vehicles on top of the 700 ordered in April.

Representatives of the freight transportation industry called on federal lawmakers to prioritize funding for projects that reduce bottlenecks and improve how cargo is transferred from one mode to another.

Retail diesel prices slipped 0.3 cent to $3.838 last week, the fifth straight drop, while the gasoline average fell almost a nickel as prices tumbled nearly 20 cents in the Midwest, the Department of Energy reported.

ABF Freight System’s employees represented by the Teamsters union have approved a five-year labor agreement, the two sides said.

Navistar International Corp. named Walter Borst the company’s chief financial officer, effective Aug. 1. He will replace A.J. Cederoth, who is leaving Navistar at the end of this month.

New York Gov. Andrew Cuomo (D) and Canadian officials announced an agreement to improve the American side of the Peace Bridge, which connects Buffalo to Fort Erie in Canada, the New York Times reported.