Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 2007Search
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Fed Expected to Cut Interest Rate
The Federal Reserve is expected to cut its federal funds interest rate Tuesday for the first time in four years, the Associated Press reported.
September 18, 2007Crude Hits Another Record; Tops $81 Overnight
Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.
September 18, 2007Producer Price Index Falls in August
Prices paid to U.S. producers fell in August, the Labor Department said Tuesday.
September 18, 2007New Zealand Logistics Firm Buying Target Logistics
Freight forwarder Target Logistics said late Monday it had agreed to be bought by New Zealand-based Mainfreight Ltd. for $53.7 million in cash.
September 18, 2007Fed Lowers Key Interest Rate to 4.75%
The Federal Reserve Tuesday voted to lower the benchmark U.S. interest rate by half a percentage point to 4.75%, the first reduction in four years.
September 18, 20072Q Driver Turnover Rate Drops
Driver turnover rates for large truckload carriers fell for the first time in a year in the second quarter, American Trucking Associations said Tuesday.
September 18, 2007Navistar Wins $71.5 Mln. Military Contract
Truck and engine maker Navistar International Corp. said its military affiliate, International Military and Government LLC, won a $71.5 million contract from the U.S. Marine Corps to provide parts support for the Corps’ International MaxxPro mine-resistant ambush-protected vehicles.
September 14, 2007TransForce Signs Deal to Purchase Courier
Canadian transportation and logistics firm TransForce Income Fund said it had signed a definitive agreement to buy Century II Holdings, which owns courier company Information Communication Services.
September 17, 2007First U.S. Truck Rolls Past Mexico Border Zone
The first U.S. truck to drive deep into Mexico rolled into that country on Friday, and a Mexican trucking group said it had concerns about the cross-border program, the Associated Press reported.
September 17, 2007