The Port of Los Angeles said Wednesday it will allow a limited number of truckers to continue operating their existing trucks past a Jan. 1 deadline for cleaner trucks.
December 16, 2009BusinessGovernment
Philadelphia Factory Index Hits Highest Level Since 2005
Manufacturing levels in the Philadelphia expanded at the fastest pace in more than four and a half years, the Federal Reserve Bank of Philadelphia said Thursday.
December 17, 2009BusinessGovernment
Leading Economic Indicators Rise for Eighth Month
An index of leading economic indicators improved for an eighth straight month in November, the New York-based Conference Board said Thursday.
December 17, 2009Business
Initial Jobless Claims Increase
Initial jobless claims rose last week, the Labor Department reported Thursday.
December 17, 2009Business
Fed Again Holds Key Interest Rate at Record Low Near Zero
The Federal Reserve voted for the ninth straight time Wednesday to keep a key U.S. interest rate at a record low target range of zero to 0.25%.
December 16, 2009GovernmentBusinessLogistics
Schneider Completes Intermodal Container Conversion
Schneider National said Wednesday its intermodal division has completed a three-year conversion project replacing its mixed trailer/container fleet to an all-container fleet.
December 16, 2009BusinessGovernment
November CPI Rises 0.4%
The consumer price index rose 0.4% in November, the Labor Department said Wednesday.
December 16, 2009BusinessEquipment
Cummins Engine President to Step Down
Cummins Inc. said late Tuesday that Jim Kelly, president of its engine business, will leave the position in March and that it will name a successor in the very near future.
December 15, 2009GovernmentBusinessSafety
LaHood Cites Urgency for Texting Ban
WASHINGTON Transportation Secretary Ray LaHood said the department was working to complete its work on a regulation to ban texting by commercial drivers, and that it would be finished sooner rather than later.
December 15, 2009BusinessGovernment
November Spot Freight 65% Over Last Year, TransCore Says
Spot market freight availability increased by 65% in November compared to last year according to the TransCore Freight Index, a measure of truckload freight volume found on load boards.
December 15, 2009