Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible prolonged and severe economic downturn, when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008Government, Business, Safety
Fed Minutes Cite Concern Over Economic Contraction
Business, Fuel, Government
DOE Again Boosts Diesel, Gasoline Price Forecast
The Department of Energy again sharply boosted its projection for both diesel and gasoline prices, saying diesel will average $3.90 a gallon this month, while gas will peak at $3.60 this spring but could top $4 this summer.
April 8, 2008Fuel, Business, Government, Technology, Equipment, Safety
Cummins Begins Production at Chinese Fuel Systems Plant
Diesel engine maker Cummins Inc. said Tuesday it opened its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan plant, in China.
April 8, 2008Government, Business, Fuel
Clean Diesel Technologies Sets Agreement with Chinese Firm
Clean Diesel Technologies said Tuesday it has licensed its wire mesh filter technology to Headway Machinery Co. Ltd., the largest commercial diesel engine exhaust company in China.
April 8, 2008Business, Safety, Government
Study Aims to Find Best Ways to Remove Snow From Trucks
The American Transportation Research Institute has initiated a study of the costs and benefits of removing snow and ice from the tops of tractor-trailers.
April 8, 2008Business, Safety
U.S. Automakers Planning More Exports, Journal Says
U.S. automakers have set goals of exporting more American cars, following new labor agreements and a weaker U.S. dollar, the Wall Street Journal reported Tuesday.
April 8, 2008Business, Government
N.Y. State Assembly Rejects NYCs Congestion-Fee Plan
The New York State Assembly decided not to vote on New York Citys proposal to charge cars and trucks fees upon entering central Manhattan, Bloomberg reported.
April 8, 2008Fuel, Business, Logistics, Government
Diesel Dips 0.9瞽 to $3.955; Gas Rises to Record $3.332
The national average pump price of diesel fuel dipped 0.9 cent to $3.955 a gallon, while gasoline rose to a second straight record, the Department of Energy said Monday.
April 8, 2008Government, Business, Safety, Logistics
Teamsters Ratify 5-Year Contract with UPS Freight
The Teamsters union and UPS Inc. said Monday that Teamsters members had overwhelmingly ratified their first national contract at UPS Freight, the less-than-truckload unit of UPS Inc.
April 8, 2008Government, Business, Safety, Logistics
Prime Inc. to Buy 1,900 Trailers from Wabash National
Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.
April 8, 2008