The Federal Reserve Tuesday cut the key U.S. interest rate to a “target range” of zero to 0.25%, a record low.
December 16, 2008Search
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Housing Starts Plunge 18.9% to Record Low
New housing starts plunged 18.9% in November to the lowest level on record, the Commerce Department said Tuesday.
December 16, 2008
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
CPI Falls by Record 1.7% in November
Consumer prices fell in November by a record 1.7%, led by steep declines in energy, the Labor Department said Tuesday.
December 16, 2008EPA to Require Sensors For Emissions in 2010
The U.S. Environmental Protection Agency has issued its final rule requiring heavy-truck manufacturers to install onboard diagnostic systems starting in 2010 to alert drivers when engine emission systems are malfunctioning or deteriorating.
December 15, 2008New York Manufacturing Index Reaches All-Time Low
Manufacturing growth in New York state continued to show contraction this month, hitting the lowest level on record, the Federal Reserve Bank of New York said Monday.
December 15, 2008Calif. Sets Strict Diesel Emissions Rule
The California Air Resources Board Friday adopted the strictest diesel emission standards in the nation, requiring expensive diesel particulate filters on rigs on a timetable, over objections the rule could hurt or shut down smaller trucking companies, the Associated Press reported.
December 15, 2008UPS Speeds Some LTL Shipments
UPS Freight said Monday it has set faster less-than-truckload shipping times between central Illinois and points throughout the country.
December 15, 2008Diesel Falls 9.3¢ to $2.422
Diesel fuel’s national average price fell 9.3 cents to $2.422 a gallon, while gasoline’s decline slowed, the Energy Department said Monday.
December 16, 2008Consumer Sentiment Index Rises After 28-Year Low
U.S. consumer confidence improved this month after last month's 28-year low, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
December 12, 2008Business Inventories Take Largest Drop in Five Years
Business inventories fell 0.6% in October, the largest decline in five years, the Commerce Department said Friday.
December 12, 2008