UPS Extends TNT Deal Closure Date to 4Q
UPS Inc. said it expects its $6.3 billion acquisition of TNT Express NV will close in the fourth quarter, from an earlier projected Aug. 31 date, due to more time for review by European regulators.
July 16, 2012New York Manufacturing Index Rises
Manufacturing activity in the New York region expanded in July, the Federal Reserve Bank of New York said Monday.
July 16, 2012Business Inventories Rise in May
Business inventories rose 0.3% in May, the Commerce Department said Monday.
July 16, 2012Ingram Micro Agrees to Purchase BrightPoint
Technology distributor Ingram Micro Inc. said it has agreed to purchase BrightPoint Inc., a provider of logistics services to the wireless industry, for about $840 million, the companies announced in a joint statement July 2.
July 16, 2012Retail Sales Fall 0.5% in June
Retail sales declined 0.5% in June, the Commerce Department said Monday.
July 16, 2012Sensors Credited for Reducing Wash. State Truck Crashes
Electronic sensors and enforcement are being credited as reducing the number of truck related crashes in Washington State, the Associated Press reported.
July 16, 2012Gasoline Falls 7¢ in Three Weeks to $3.41, Lundberg Survey Reports
Gasoline fell 7 cents in the past three weeks to $3.41 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
July 16, 2012Editorial: A Halfway Relief Measure
We all got half a loaf when President Obama signed the new highway bill into law on July 6.
July 16, 2012TT 100: Trucking Emerges From Recession Leaner
Trucking has emerged from the economic recession leaner and more profitable, and many executives of the nation’s largest for-hire carriers are now making a more concerted effort to address the long-standing issue of driver turnover.
July 16, 2012Trucking Earnings Expected to Increase on Higher Rates, Lower Diesel Prices
Second-quarter trucking earnings are expected to show that higher freight rates and lower fuel prices helped most publicly traded fleets notch better results than a year ago, analysts said.
July 16, 2012