President-elect Barack Obama is set to name retiring Illinois Republican Rep. Ray LaHood as his transportation secretary, several news outlets reported.
December 18, 2008Search
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OPEC Sets Record Production Cut
OPEC agreed Wednesday to cut oil production quotas by 2.2 million barrels a day, or about 7%, a record production cut, the Wall Street Journal reported Thursday.
December 18, 2008OPEC To Cut Production 9%
OPEC agreed Wednesday to cut oil production quotas by 9% starting Jan. 1, Bloomberg reported.
December 17, 2008FMCSA Sets Intermodal Chassis ‘Roadability’ Rule
The Federal Motor Carrier Safety Administration Wednesday issued a new rule that it said will “significantly strengthen safety requirements” for intermodal container chassis.
December 17, 2008Housing 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, 2008Volvo’s Sales Drop 21%; Will Suspend European Production
Volvo AB’s total truck sales fell 21% in November and the company will halt truck production in Europe for up to 25 days in the first quarter due to canceled orders, Bloomberg reported Tuesday.
December 16, 2008CPI 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, 2008Fed Cuts Rate to Record Low ‘Target Range’ of Zero to 0.25%
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, 2008MAN Buys Volkswagen’s Brazilian Truck Operations
German truck maker MAN AG will acquire the Brazilian truck and bus operations of Volkswagen AG, which is MAN’s largest shareholder, for an undisclosed sum, Bloomberg reported Monday.
December 15, 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, 2008