08 Mar Nafta Talks Likely Won't Begin Until Later This Year, Commerce Secretary Says The U.S. government probably won't begin "real" negotiations to revamp the North American Free Trade Agreement until later this year, Commerce Secretary Wilbur Ross said. Read more...
08 Mar EU Block on UPS-TNT Merger Annulled by Court The EU's lower court on March 7 annulled a 2013 decision by the European Commission blocking a planned merger between UPS and TNT Express, two international package delivery services. Read more...
08 Mar Companies in US Hired the Most in Almost Three Years, ADP says Companies added the most workers in almost three years to U.S. payrolls in February on a surge in construction and manufacturing employment, data from the ADP Research Institute in Roseland, New Jersey, showed March 8. Read more...
07 Mar Consumer Borrowing in US Posts Smallest Gain Since July 2012 U.S. consumer debt outstanding in January posted the smallest gain since July 2012 as American households reduced their credit-card balances. Read more...
07 Mar Navistar Loses $62 Million in Its Fiscal First Quarter The quarterly net loss for truck and engine maker Navistar International Corp. widened to $62 million, or 76 cents a share, for the three months ended Jan. 31, with sales, particularly in the anemic North American new truck sales market, causing most of the problems. Read more...
07 Mar FedEx Wins Connecticut Independent Contractor Appeals Court Case An appeals court has ruled that FedEx Ground Package System drivers working out of a terminal in Hartford, Connecticut, are independent contractors and not employees of the package carrier. Read more...
07 Mar CSX Names Harrison CEO, Warns He'll Exit Without $84 Million CSX Corp. appointed Hunter Harrison as CEO on March 7, effective immediately, entrusting the industry veteran with the task of turning around North America's least efficient railroad. He'll stick around as long as shareholders are willing to meet his pay demands. Read more...
07 Mar Connecticut UPS Driver Celebrates 45 Years, 4 Million Miles on Job Without Accident After 45 consecutive years with the company, and not so much as a fender bender, UPS driver Walter Beasley, who will turn 72 on March 12, has been named to an elite group in the company. Read more...
07 Mar US Oil Rebound Hits Roadblock, Lack of Truckers Five years ago, the thought of $55-a-barrel oil would have given Piotr Galitzine heartburn. Now it's keeping one of his steel-pipe shops in Houston open 24/7 and fueling a flurry of orders. Read more...
07 Mar Ex-Port Authority Chairman Avoids Prison for 'Chairman's Flight' The former public official who pressured United Airlines to fly to an airport near his South Carolina weekend home was spared prison by a judge who sentenced him to a year of confinement in the same house, located in an affluent equestrian community. Read more...