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YRC Worldwide Inc., the trucker that stumbled after reaching No. 1 in the U.S. through mergers, said it remains interested in acquiring Arkansas Best Corp. following the rival company’s rejection of an offer to begin talks.
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FedEx Corp. won a seven-year contract with the U.S. Postal Service valued at about $10.5 billion to carry mail between U.S. airports, fending off a challenge from United Parcel Service Inc.
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A surge in mortgage refinancing to the highest in three years is good for lenders, consumers and the economy. It’s also good for United Parcel Service Inc., which is carrying refinancing documents throughout the country.
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Ryder System Inc. rose to the highest price in a year after the largest publicly traded truck lessor predicted higher 2013 earnings than analysts estimated.
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United Parcel Service Inc.’s 5.16 billion-euro ($6.6 billion) purchase of TNT Express NV faces growing investor skepticism as the world’s largest package- delivery company struggles to win European Union approval.
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Holiday sales probably will grow at a slower rate this year than last. That may present an opportunity for investors prepared to wager they’ll be better.
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United Parcel Service Inc. agreed to buy TNT Express NV with a sweetened bid of 5.16 billion euros ($6.8 billion), the biggest purchase in the U.S. company’s 105- year history, to challenge Deutsche Post AG in Europe.
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FedEx Corp., operator of the world’s largest cargo airline, maintained its full-year profit forecast amid increasing concern that U.S. economic growth may slow.
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Carl Icahn’s American Railcar Industries Inc. offered to buy Greenbrier Cos., reviving a takeover bid he made four years ago to create the biggest U.S. maker of railroad freight cars.
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FedEx Corp. will offer voluntary buyouts to some workers under a pledge for “significant” cost reductions ahead of expected slower profit growth at the operator of the world’s largest cargo airline.
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