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News Briefs - Dec. 1

Construction Spending Unchanged in October • N.J. Proposes Adding More Truck Lanes to Turnpike • Personal Spending Rises Again in October • Economic Group Cuts Growth Forecast Due to High Oil Prices • And more...

December 1, 2004

Consumer Confidence Index Falls to Nine-Month Low

The Conference Board said Tuesday its index of consumer confidence fell to a nine-month low in November.

November 30, 2004

Makers Seek to Parlay Knowledge Into Profits

Just as some trucking companies have veered from strictly asset-based work into third-party logistics services, tire manufacturers, too, are trying to earn a dollar from peddling knowledge and not just using machinery.

November 30, 2004

U.S. Grows at 3.9% Clip in Third Quarter

The U.S. economy grew at a 3.9% annual pace in the third quarter, faster than previously estimated, the Commerce Department said Tuesday..

November 30, 2004

Ridge Resigns as ºÚÁϳԹÏÍøland Security Secretary

ºÚÁϳԹÏÍøland Security Secretary Tom Ridge submitted his resignation in writing to President Bush on Tuesday morning, news services reported.

November 30, 2004

Saudi Arabia to Raise Oil Capacity

Saudi Arabia’s oil minister, Ali al-Naimi, said the nation planned to expand output capacity by 14% to ease concern of potential shortages, Bloomberg News reported.

November 29, 2004

Companies Say Ultra-Low-Sulfur Fuel Would Need Special Handling

NEW ORLEANS — Officials at pipeline companies and fuel retailers said they would have to change fuel-distribution patterns, and be careful when loading or storing ultra-low-sulfur fuel, to avoid its being contaminated by fuel with higher sulfur content to an extent that the ULSD would fail to meet government standards.

November 29, 2004

Freight Officials Eye Technology Benefits

SAN ANTONIO — Shippers, carriers and brokers can all benefit from technology, provided it is tailored to their specific needs and not simply speeding up existing processes, said speakers and participants at a shippers’ technology committee meeting.

November 29, 2004

Report Says Air Cargo Inspections Need Improvement

The government needs to do a better job monitoring and inspecting hazardous materials shipped aboard airlines, according to a report released Friday by the Transportation Department's inspector general.

November 29, 2004