Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.
May 21, 2009GovernmentBusiness
Leading Economic Indicators Rise 1%
An index of leading economic indicators rose 1% last month, the biggest gain in three-and-a-half years, the New York-based Conference Board said Thursday.
May 21, 2009BusinessGovernment
Philadelphia Factory Index Improves
Manufacturing levels in the Philadelphia region contracted this month at the slowest pace in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 21, 2009Government
Oil Falls From Six-Month High to Below $61
Oil prices fell from a six-month high Thursday to below $61 a barrel following a Federal Reserve report said the U.S. economy may be slow in recovering, Bloomberg reported.
May 21, 2009BusinessFuelGovernment
Oil Pushes Past $62 a Barrel to Six-Month High
Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009GovernmentBusinessSafety
ATA Files Appeal in SoCal Ports Case
American Trucking Associations has filed an appeal with the Ninth Circuit Court of Appeals, claiming that a lower court did not follow the circuit court's directions in granting an injunction in its continuing fight with the ports of Los Angeles and Long Beach, the Long Beach Press-Telegram reported.
May 19, 2009BusinessSafetyGovernment
Opinion: Freight Broker Liability
Against the backdrop of a recent multimillion-dollar verdict against one of the world’s largest freight brokers, now is a good time for freight brokers across this country to review their procedures to reduce exposure to similar liability.
May 19, 2009GovernmentBusinessSafetyFuel
Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration’s comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a “clean energy” economy, the Associated Press reported.
May 19, 2009FuelBusinessLogisticsGovernment
Diesel Rises 1.5¢ to $2.231; Gas Gains 6.9¢
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009Government
Housing Starts Plunge 13% to Record Low
New housing starts plunged 13% to a record low in April, the Commerce Department said Tuesday.
May 19, 2009