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Layoffs Rise as Engine Deadline Nears
Diesel engine manufacturer Cummins Inc. joined most other engine makers in announcing layoffs, but executives at heavy-duty truck plants said they expected to keep assembling trucks over the next eight weeks with engines built before the Oct. 1 deadline for lower-emission models.
September 25, 2002
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Consumer Confidence at a 10-Month Low
The Conference Board reported Tuesday that its September consumer confidence index hit a 10-month low, falling to 93.3 from a revised reading of 94.5 in August.
September 24, 2002Roadways Wickham Says No Sign of Economic Uptick
The chairman and chief executive officer of less-than-truckload giant Roadway Corp. said Tuesday that through the end of the companys fiscal third quarter on Sept. 7, he had not seen any noticeable uptick in the economy.
September 24, 2002News Briefs - Sept. 24
TL Carrier Smithway Gets De-Listing Notice Crude Oil Jumps to $31.30 on NYMEX CF Failure Could Boost Roadway Sales by 30% Maintenance Council Heads to Mexico And more...
September 24, 2002Editorial: This Economy Could Use a Boost
Click here to write a Letter to the Editor. We've been here before, and it doesn't feel much better this time around, but the latest economic indicators were at best a mixed bag for a trucking industry needing freight.
September 24, 2002Fed Leaves Rates at 1.75%
In an announcement Tuesday, the Federal Reserve Open Market Committee left its target federal funds rate at 1.75%, maintaining that demand is still growing at a moderate pace..
September 24, 2002LEI Drops for Third Straight Month
The Conference Board said its index of leading economic indicators fell by 0.2% in August, marking the third straight monthly drop.
September 23, 2002Truck Sales Jump 23.1%
Sales of heavy-duty trucks jumped 23.1% in August from a year earlier, as fleets continued to buy up trucks with current-model engines before new federally mandated emissions standards take effect Oct. 1.
September 23, 2002House Panel Leery but Interested in ITS Projects
Technology companies tried to convince a House subcommittee to fund projects they said would allow more traffic to use existing highways, but several members of Congress at a recent hearing said they were skeptical.
September 23, 2002Diesel Price Climb Continues, Now $1.417 Per Gallon
The price of diesel fuel rose 0.3 cent per gallon last week, its sixth straight increase, to $1.417, the Department of Energy reported Monday.
September 23, 2002