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Fed Keeps Rates Steady, Drops Pledge to Be 'Patient'
The Federal Reserve said Tuesday it was keeping interest rates flat at a 46-year-low of 1%, but said economic conditions were such that it could begin raising rates in the near future.
May 4, 2004TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Factory Orders Rise 4.3% in March
New orders for manufactured goods rose by $14.9 billion, or 4.3%, in March, the Commerce Department said Tuesday.
May 4, 2004News Briefs - May 4
Crude Oil Price Climbs to Highest Level Since 1990 • Allied Holdings Reports 1Q Loss • Maryland Considering Express Toll Lanes • Strong Supply Chains Help Business, Executives Say
May 4, 2004California Diesel Protests Slow Rail Shipments
Spurred by California truckers protesting high diesel prices, Union Pacific railroad will stop accepting cargo bound for state ports starting Monday so traffic does not bottleneck its operations, the Contra Costa (Calif.) Times reported.
May 3, 2004Technology Briefs - April 27 - May 3
Stonepath Lowers 1Q Estimates • UPS, Yahoo To Provide Online Shipping Tools • Xata Narrows 2Q Loss • Getloaded.com Chooses Software • And more ...
May 3, 2004News Briefs - May 3
Yellow Roadway Says It Will Drop Bandag Deal • Construction Spending Jumps 1.5% in March • Crude Oil Price Stable Amid Strong Supply • Fuel Costs Boost Grocery Prices • Indiana Inspectors Lag in Pay, Paper Says • And more ...
May 3, 2004iTECH: No Fast Lane for the Universal Transponder
The dream of a single transponder to handle many different electronic bypass and clearance functions for highway trucks may bump up against reality when it comes to finding a universal technology for U.S. border crossings.
May 3, 2004U.S. Diesel Average Slips 0.1 Cent; Gasoline Hits New High
The national average price of diesel fuel fell 0.1 cent to $1.717 per gallon, while gasoline hit a new record high, the Department of Energy said Monday.
May 3, 2004ISM April Manufacturing Index Shows Continued Growth
Manufacturing activity grew in April for the 11th consecutive month, while the overall economy grew for the 30th consecutive month, factory purchasing managers reported Monday through the Institute for Supply Management.
May 3, 2004Mineta Accepts Early Repayment from Alameda Corridor
Transportation Secretary Norman Mineta accepted $573 million from the Alameda Corridor Transportation Authority as early repayment of a federal loan that was used to launch the project.
April 30, 2004