December 9, 2008: Con-way Inc., the second-largest U.S. trucking company, slashed its 2008 earnings forecast to as much as 20 percent less than analysts’ average estimate and cut 1,450 jobs as freight volumes fell.
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The International Union is taking legal action to block a UPS buyout that management is trying to use to reduce the number of Teamster jobs at UPS, starting with the highest-paid drivers.
