Oil fell below $50 a barrel for the first time in almost two years, as recession in the United States, Europe and Japan cut global energy demand, Bloomberg reported Thursday.
November 20, 2008Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
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, 2008Philadelphia Manufacturing Index Shrinks
Manufacturing levels in the Philadelphia region contracted this month at the fastest pace in 18 years, the Federal Reserve Bank of Philadelphia said Thursday.
November 20, 2008Leading Economic Indicators Fall 0.8%
An index of leading economic indicators declined in October for the third time in four months, the New York-based Conference Board said Thursday.
November 20, 2008Federal Bailout of U.S. Automakers May Be in Jeopardy
U.S. lawmakers were deadlocked on a plan to bail out the U.S. “big three” automakers, leaving General Motors Corp. with the prospect of running out of cash before a new Congress is sworn in next year, Bloomberg reported Thursday.
November 19, 2008NAFTA 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, 2008FMCSA 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, 2008Housing Starts Fall 4.5% in October
New housing starts declined 4.5% in October, the Commerce Department said Wednesday.
November 19, 2008Consumer 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, 2008Highway Trust Fund Declines by $3 Billion, DOT Says
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, 2008