A big winter snow storm moved from the Northwest across the Midwest and on to the East Coast Friday after dumping more than two feet of snow in some areas, the Associated Press reported.
December 19, 2008GovernmentBusinessSafety
Groups File with FMCSA Against Hours-of-Service Rules
A coalition of advocacy groups including Public Citizen and the Teamsters union has asked the Federal Motor Carrier Safety Administration to reconsider key provisions of its controversial hours-of-service rule.
December 18, 2008GovernmentBusinessSafety
Rep. Ray LaHood Is Obama’s Choice for DOT Secretary
President-elect Barack Obama is set to name retiring Illinois Republican Rep. Ray LaHood as his transportation secretary, several news outlets reported.
December 18, 2008Business
FedEx 2Q Profit Improves; Will Cut Salaries, Costs
FedEx Corp. said Thursday its fiscal second-quarter profit rose 3%, but it cited difficult economic conditions and said it would trim senior executives’ salaries and set a hiring freeze.
December 18, 2008BusinessGovernmentLogistics
Hub Group Downgrades 4Q Outlook
Third-party logistics company and freight broker Hub Group said its full-year 2008 earnings will be lower than previously estimated, due to sluggish intermodal and brokerage volumes and pricing.
December 18, 2008GovernmentBusiness
Leading Indicators Drop 0.4% in November
An index of leading economic indicators fell 0.4% in November, marking the fifth downturn in seven months, the New York-based Conference Board said Thursday.
December 18, 2008BusinessGovernment
Philadelphia Fed Factory Index Remains in Contraction
Manufacturing levels in the Philadelphia region improved from a month ago but remained in contraction, the Federal Reserve Bank of Philadelphia said Thursday.
December 18, 2008Business
Unemployment Claims Decrease Slightly
First-time unemployment claims dropped last week but stayed near a 26-year high, the Labor Department said Thursday.
December 18, 2008Business
OPEC Sets Record Production Cut
OPEC agreed Wednesday to cut oil production quotas by 2.2 million barrels a day, or about 7%, a record production cut, the Wall Street Journal reported Thursday.
December 18, 2008GovernmentBusinessSafety
FMCSA Sets Intermodal Chassis ‘Roadability’ Rule
The Federal Motor Carrier Safety Administration Wednesday issued a new rule that it said will “significantly strengthen safety requirements” for intermodal container chassis.
December 17, 2008