Transportation Secretary Mary Peters asked Congress Wednesday to reconsider its pending prohibition and let a cross-border trucking demonstration program between the United States and Mexico proceed.
October 17, 2007GovernmentBusiness
Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in September, the New York-based Conference Board said Thursday.
October 18, 2007BusinessGovernment
Fed ‘Beige Book’ Notes Mixed Trucking Activity
A report from the Federal Reserve’s regional banks suggested that economic activity continued to expand, although trucking’s outlook varied by region.
October 18, 2007FuelBusinessGovernment
Oil Inventories Rise; Crude Tops $87 a Barrel
Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.
October 17, 2007FuelBusinessGovernment
Consumer Price Index Rises 0.3% in September
The consumer price index rose 0.3% in September, led by increases in food and fuel, the Labor Department said Wednesday.
October 17, 2007Government
Housing Starts Fall to Lowest Level in 14 Years
Housing starts in September fell to the lowest level since 1993, the Commerce Department said Wednesday.
October 17, 2007GovernmentBusiness
States Receive FHWA Funds to Ease Delays
The Federal Highway Administration announced Oct. 5 it is issuing nearly $5 million in grants to six states to “reduce traffic jams near highway construction sites by speeding project completion.â€
October 17, 2007GovernmentBusinessSafety
Court Says FedEx Drivers Can Sue for Status; Company Plans To Appeal
A federal judge ruled Monday that FedEx Corp.’s independent drivers can sue as a group for benefits sought in a lawsuit filed by workers claiming they should be paid as full-time employees, Bloomberg reported.
October 16, 2007FuelBusinessGovernment
Diesel Gains 0.4¢ to $3.039; Oil Hits Record, Topping $86
Retail diesel fuel rose 0.4 cent to $3.039 a gallon, the Department of Energy said Monday, while crude oil jumped to a new closing-price record of $86.13 a barrel.
October 16, 2007GovernmentBusinessSafety
ATA Expects 11-Hour HOS Limit Will Hold
ATA President Bill Graves said Friday that he expects a court’s 90-day stay will give federal regulators enough time to issue an interim final rule maintaining an 11-hour limit for truck drivers’ hours of service, the Associated Press reported.
October 15, 2007