Transport Topics
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UPS Inc. announced rate increases of 4.9% on average for the majority of its business, citing higher costs and other factors.
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CSX Corp. plans to cut 300 jobs at Erwin, Tennessee, in response to a steady decline in coal traffic.
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Teamsters carhaulers overwhelmingly rejected a tentative agreement covering about 6,000 workers, sending management and union negotiators back to the bargaining table.
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Consumer prices in the United States, excluding food and fuel, rose more than forecast in September, propelled by rising rents. Plunging energy expenses caused total costs to decrease by the most since January.
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