A proposal that new companies locating in Los Angeles be given a three-year exemption from paying the city business tax would be a “shot in the arm” for the Port of Los Angeles and the harbor community, port officials said.
June 22, 2010Business
New ϳԹ Sales Fall to Record Low Rate
New home sales plunged 33% in May to a record low rate, as a home-buying tax credit expired, the Commerce Department said Wednesday.
June 23, 2010Business
Global Commercial Navigation Shipments Expected to Reach 7.5 Million by 2015
Global commercial navigation system shipments will grow to 7.5 million in 2015 from 3 million in 2010, according to an ABI Research study.
June 23, 2010Business, Logistics
New Approach to Trailer Aerodynamics Increases Fuel Economy, SmartTruck Says
SmartTruck, a company founded by aerospace engineers, has received approval from the U.S. Environmental Protection Agency for trailer attachments that it said could improve over-the-road fuel efficiency by up to 11% and that it soon would begin manufacturing them.
June 23, 2010Business, Government, Logistics
‘Tax Holiday’ Seen Helping Port of Los Angeles, Officials Say
Business, Logistics
NFI Buys Ontario Logistics Firm
Trucking and supply chain firm NFI Industries said Tuesday it has acquired IPD, a global transportation and logistics company based in Mississauga, Ontario, Canada.
June 22, 2010Government, Business
Senate Bill Targets Employee Misclassification
A Senate bill that supporters said would make it easier for federal regulators to catch employers who misclassify their employees as independent contractors also would help ensure a “level playing field in the marketplace,” a top official with the Department of Labor told a Senate panel.
June 22, 2010Business
Existing ϳԹ Sales Fall in May
Sales of existing home fell 2.2% in May, the National Association of Realtors said Tuesday.
June 22, 2010Government, Business
N.Y. Lawmakers Propose State Version of ‘Jason’s Law’
A bill in the New York State Legislature would create a system of loans and tax incentives for businesses willing to build safe parking facilities for truck drivers.
June 22, 2010Business, Logistics, Equipment
Wabash Begins Production on 350 Reefers for Frozen Food Express
Trailer maker Wabash National Corp. said it has begun production on 350 new refrigerated van trailers for Frozen Food Express Industries, to be completed by September.
June 22, 2010Government, Business
Obama Touts 10,000th Infrastructure Project
President Obama touted the 10,000th road project funded by last year’s American Recovery and Reinvestment Act at an event Thursday in Columbus, Ohio.
June 22, 2010