The federal highway trust fund took in $3 billion less in fiscal year 2008, as Americans drove 90 billion miles fewer miles over an 11-month period compared with a year ago, the Department of Transportation said late Wednesday.
November 19, 2008Business
Jobless Claims Continue to Climb
First-time unemployment claims rose to the highest level in 16 years last week, the Labor Department said Thursday.
November 20, 2008BusinessGovernmentSafety
Opinion: Factoring Helps, Not Hurts, Trucking Industry
This is a response to the article “Cash-Strapped Carriers Resort to Quick Pay Plans, Factoring” (10-13, p. 55). I would like to set the story straight.
November 19, 2008Business
Fed Minutes Show Concern Over Economy, Unemployment
The Federal Reserve Wednesday sharply lowered its projections for the economy this year and into 2009, and signaled that additional interest rate reductions may be needed to help ease the country’s ongoing financial crisis, the Associated Press reported.
November 19, 2008BusinessSafetyGovernment
NAFTA Trade Rose 4.5% in 2007
Trade among the United States, Canada and Mexico set a record in gaining 4.5% in 2007 from a year earlier, the Department of Transportation said Wednesday.
November 19, 2008GovernmentBusinessSafety
FMCSA Sends EOBR Rule to White House for Review
The Federal Motor Carrier Safety Administration has sent its rule governing the use of electronic onboard recorders to the White House for review, in tandem with its announcement that it would leaving its hours-of-service regulation unchanged.
November 19, 2008Business
Daimler Says U.S. Truck Sales May Take Several Years to Rebound
Daimler AG said the U.S. market for heavy-duty vehicles may not rebound to the peak sales levels of 2006 for five to eight years, Bloomberg reported Wednesday.
November 19, 2008BusinessGovernment
Consumer Price Index Falls 1%; Drop Is Biggest on Record
Consumer prices fell 1% in October, the biggest decline on record, the Labor Department said Wednesday.
November 19, 2008BusinessEquipment
ArvinMeritor Takes 4Q Loss, Will Sell Auto-Parts Unit
Components supplier ArvinMeritor said its fourth-quarter loss widened and that it plans to sell its automobile parts unit.
November 18, 2008GovernmentBusinessSafety
FMCSA to Leave Hours-of-Service Rule Unchanged
The Federal Motor Carrier Safety Administration, in a notice to be published in Wednesday’s Federal Register, said it was making no changes to its controversial hours-of-service rule.
November 18, 2008