WASHINGTON — Transportation Secretary Ray LaHood said Wednesday that the Department of Transportation’s two-day distracted driving summit was likely to result in “something legislatively” to ban texting and driving, which he termed a national “epidemic.”
October 1, 2009BusinessGovernment
August Factory Orders Drop 0.8%
Factory orders fell 0.8%% in August, the first decline after four months of increases, the Commerce Department said Friday.
October 2, 2009BusinessSafetyGovernment
Rail, Intermodal Traffic Drop
Intermodal rail traffic in the United States fell 16.5% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
October 2, 2009Business
FedEx Trade Networks Names New CEO
FedEx Corp. has promoted Fred Schardt to chief executive officer of its FedEx Trade Networks subsidiary, the company said Thursday.
October 1, 2009BusinessSafetyGovernment
ISM Factory Index Slips But Shows Expansion
An index of U.S. manufacturing activity declined slightly in September but showed overall expansion, the Institute for Supply Management said Thursday.
October 1, 2009GovernmentBusiness
Construction Spending Jumps in August
U.S. construction spending rose 0.8% in August, the largest increase since September 2008, the Commerce Department said Thursday.
October 1, 2009BusinessGovernment
Personal Spending Rises by the Most in 8 Years
Consumer personal spending rose in August by the largest amount in almost eight years, while incomes climbed for the second consecutive month, the Commerce Department said Thursday.
October 1, 2009Business
Initial Jobless Claims Climb for Week
Initial jobless claims rose by 17,000 last week to 551,000, the Labor Department said Thursday.
October 1, 2009BusinessSafetyGovernment
NAFTA Surface Trade Falls 28% in July
Surface transportation trade among the United States, Canada and Mexico plunged 28% in July from a year earlier, though rose from June, the Department of Transportation said.
September 30, 2009BusinessGovernment
Final GDP Reading for 2Q Revised Upward to a 0.7% Decline
The U.S. economy contracted at an annual rate of 0.7% in the second quarter, better than the 1% decline previously estimated, the Commerce Department said Wednesday.
September 30, 2009