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Fed Leaves Rates at 1.75%
In an announcement Tuesday, the Federal Reserve Open Market Committee left its target federal funds rate at 1.75%, maintaining that demand is still growing at a moderate pace..
September 24, 2002Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
LEI Drops for Third Straight Month
The Conference Board said its index of leading economic indicators fell by 0.2% in August, marking the third straight monthly drop.
September 23, 2002Truck Sales Jump 23.1%
Sales of heavy-duty trucks jumped 23.1% in August from a year earlier, as fleets continued to buy up trucks with current-model engines before new federally mandated emissions standards take effect Oct. 1.
September 23, 2002House Panel Leery but Interested in ITS Projects
Technology companies tried to convince a House subcommittee to fund projects they said would allow more traffic to use existing highways, but several members of Congress at a recent hearing said they were skeptical.
September 23, 2002Diesel Price Climb Continues, Now $1.417 Per Gallon
The price of diesel fuel rose 0.3 cent per gallon last week, its sixth straight increase, to $1.417, the Department of Energy reported Monday.
September 23, 2002News Briefs - Sept. 23
Va. Considers Ways to Improve I-81 • CTA 'Pleased' With Driver Hours Rules • FedEx Express Upgrades Aircraft • Survey Sees New Fed Rate Cut Unlikely • And more...
September 23, 2002Truckers Ask Court to Stop IRP Ticketing by Alabama
The Alabama Trucking Association and American Trucking Associations have sued Alabama officials, trying to stop the state from ticketing truckers that used third parties to register their trucks in Oklahoma.
September 20, 2002Bush Orders Faster Environmental Reviews
WASHINGTON — President Bush ordered federal agencies to speed environmental reviews for major transportation projects, arguing that excessive red tape had impeded the construction of airports and highways.
September 20, 2002News Briefs - Sept. 20
Amtrak President Considers Cutting Freight Service • Mayor to Fight to Save Canadian Truck Plant • West Coast Port Employers Call Off Shutdown • Fed Unlikely to Change Rates, Sources Say • And more ...
September 20, 2002Daimler Acquires 43% of Mitsubishi’s Truck Unit
As part of a plan to expand its truck operations in Asia, DaimlerChrysler AG said Friday it has agreed to pay $1.14 billion for stakes in the truck divisions of Mitsubishi Motors Corp. and Hyundai Motor Co., Bloomberg reported.
September 20, 2002