Business

YRC Worldwide and the Teamsters union said they have agreed to provide more time for the company to recapitalize its balance sheet.

Factory orders rose 0.7% in November, the Commerce Department said Tuesday.

U.S. manufacturing activity rose at the fastest pace in seven months in December, the Institute for Supply Management said.

Construction spending rose 0.4% in November, the third straight monthly increase, the Commerce Department reported.

The Federal Motor Carrier Safety Administration’s proposed new hours-of-service rule would cut driving hours, a move that trucking industry leaders said was politically motivated, adding cost and complexity while jeopardizing safety advances made in recent years.

Fueled by growth in dry vans, net trailer orders in the United States reached a two-year high in November of 21,314 units, ACT Research reported.

The new year for trucking companies picks up right where 2010 left off, with optimism about an improving economy but also plenty of unknowns about which to worry.

Philadelphia has knocked New York City from the top spot on the American Tort Reform Association’s list of the worst places to be a defendant in a lawsuit.

Truck tonnage hauled increased in November for the 12th month in a row, rising 3.9% above the corresponding month of 2009, according to American Trucking Associations.

The Federal Motor Carrier Safety Administration has proposed fines up to $2,750 for truckers who use a handheld cell phone while driving, as well as the possible suspension or revocation of a commercial license for repeated offenses.