Shares of General Electric Co. posted some of the steepest declines among industrial companies in the S&P 500 during the second quarter, as the overall sector was hurt by rising gas prices and a weak U.S. economy.

Package delivery company United Parcel Service Inc. spent nearly $1.3 million in the first quarter lobbying on a raft of transportation rules and regulations, according to a disclosure report.

The trucking industry's trade group spent more than $418,000 lobbying in the first quarter on a variety of energy, transportation and environmental issues, according to a recent disclosure report.

Shares of railroads and shippers lost ground Thursday as oil spiked above $10 per barrel and the Dow Jones Industrials Average lost more than 350 points.

Air Transport Services Group Inc. said Thursday that delivery service DHL will phase out its use of 23 planes operated by ATSG's ABX Air division starting next week.

Drew Carey really, really loves the pizza from Antonio's — so he's having UPS deliver dozens of the pies from Ohio all the way to Los Angeles.

Among the stock activity stories for Wednesday, June 25, from AP Financial News:

Shares of UPS Inc. hit their lowest point since April of 2003 on Wednesday, as investors continued to steer away after the company cut its second-quarter earnings prediction late Monday.

Shares of UPS Inc. fell to a 52-week low Tuesday, after the world's largest shipping carrier slashed its fiscal second-quarter earnings estimate.

Stocks ended lower as a midday rally fizzled by the closing bell. Financials held onto modest gains.

Stocks moved higher as a fallback in oil prices and a recovery in financial shares helped reverse an earlier decline.

Both UPS Inc. and FedEx Corp. set new multiyear lows Tuesday, as investors pulled away amid slumping consumer confidence and continued worries over high fuel prices.

United Parcel Service on Monday warned that its second-quarter earnings would be below expectations due to a sluggish U.S. economy and soaring fuel costs.

NEW ORLEANS (Reuters) - United Parcel Service Inc <UPS.N> shares fell 4.6 percent on Tuesday to their lowest point since late 2003, the morning after the world's largest package-delivery company cut its second-quarter profit outlook citing high fuel costs and a weak U.S. economy.

United Parcel Service Inc <UPS.N> shares fell 4.6 percent on Tuesday to their lowest point since late 2003, the morning after the world's largest package-delivery company cut its second-quarter profit outlook citing high fuel costs and a weak U.S. economy.