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, 2008Search
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Daimler Says U.S. Truck Sales May Take Several Years to Rebound
Daimler AG said the U.S. market for heavy-duty vehicles may not rebound to the peak sales levels of 2006 for five to eight years, Bloomberg reported Wednesday.
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, 2008Fed Minutes Show Concern Over Economy, Unemployment
The Federal Reserve Wednesday sharply lowered its projections for the economy this year and into 2009, and signaled that additional interest rate reductions may be needed to help ease the country’s ongoing financial crisis, the Associated Press reported.
November 19, 2008FMCSA to Leave Hours-of-Service Rule Unchanged
The Federal Motor Carrier Safety Administration, in a notice to be published in Wednesday’s Federal Register, said it was making no changes to its controversial hours-of-service rule.
November 18, 2008Producer Price Index Shows Record Drop
Prices paid to U.S. producers fell by the most on record in October, falling 2.8%, the Labor Department said Tuesday.
November 18, 2008Volvo’s October Truck Sales Decline on Slow Demand
Volvo AB said its worldwide truck sales fell 12% in October as demand in the U.S. and Europe slumped, Bloomberg reported Tuesday.
November 18, 2008ArvinMeritor Takes 4Q Loss, Will Sell Auto-Parts Unit
Components supplier ArvinMeritor said its fourth-quarter loss widened and that it plans to sell its automobile parts unit.
November 18, 2008Kenworth to Cut Wash. Production, Lay Off 400
Kenworth Truck Co. will scale back most of its truck production at its Renton, Wash., plant and lay off more than 400 workers as sales slump, the Seattle Post-Intelligencer reported Saturday.
November 17, 2008