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Fed Minutes Show Uncertainty on Continued Rate Hikes
Federal Reserve commissioners were uncertain about how much, if any, further raising of interest rates would be needed after its latest quarter-point increase at its May 10 meeting, according to minutes of the meeting that were released Wednesday.
May 31, 2006Indiana Toll Road Rates to Rise for Big Rigs on Saturday
Higher truck toll rates are set to take effect Saturday on the Indiana Toll Road, in the first rate change in more than 20 years, the Associated Press reported.
May 31, 2006Senate Confirms FHWA Chief, Other Transportation Officials
The Senate last week confirmed a host of federal transportation officials, including Richard Capka to be administrator of the Federal Highway Administration.
May 31, 2006FedEx to Acquire Watkins Motor Lines for $780 Million
Package carrier FedEx Corp. said Friday it planned to buy the less-than-truckload operations of Watkins Motor Lines and certain affiliates for $780 million.
May 30, 2006Crude Oil Rises to More Than $72 a Barrel
Crude oil futures rose to more than $72 a barrel on the New York Mercantile Exchange in intraday trading Monday, Bloomberg reported.
May 30, 2006ATRI to Assess Border-Security Truck E-Manifest Impacts
The American Transportation Research Institute said Tuesday it has been commissioned by the U.S. Customs and Border Protection Agency to assess CBPs truck e-manifest initiative.
May 30, 2006Consumer Confidence Drops in May
U.S. consumer confidence fell in May by the most since Hurricane Katrina last fall, the New York-based Conference Board said Tuesday.
May 30, 2006Atlas Air Gains Nasdaq Listing; Trading to Begin Wednesday
Global air cargo firm Atlas Air Worldwide Holdings said Tuesday it has received approval from the Nasdaq Stock Market to list its stock on Nasdaq, beginning Wednesday.
May 30, 2006Treasury Secretary Snow Resigns; Bush to Nominate Successor
Treasury Secretary John Snow has resigned and President Bush plans to nominate Goldman Sachs Chairman Henry Paulson as his replacement, news reports said Tuesday.
May 30, 2006E&MU: Fuel Cells for APUs Produce Mixed Results
U.S. truck maker Freightliner LLC, after working on two development projects for more than four years, decided that hydrogen fuel cell technology is not yet ready for a role in reducing idling in the trucking industry.
May 30, 2006