FedEx Corp. has delayed delivery of some Boeing Co. 777 freighter planes by as long as 17 months, due to a lag in shipments demand, Bloomberg reported.
December 22, 2008BusinessSafetyGovernment
DOT Signs I-95 Congestion-Relief Agreement
The Department of Transportation and the I-95 corridor coalition signed an agreement earlier this month to help relieve congestion on Interstate 95.
December 22, 2008GovernmentBusinessSafetyFuel
Fuel Prices, Recession Make Grim Year for Trucking Industry
The world of trucking was turned upside down and shaken like a snow globe during 2008.
December 22, 2008GovernmentBusinessSafetyFuel
CARB Adopts Emission Rules; Truckers Decry Added Costs
The California Air Resources Board has adopted two new rules requiring carriers to add expensive emission-control devices to their trucks and to use fuel-saving equipment endorsed by the U.S. Environmental Protection Agency’s SmartWay program.
December 22, 2008GovernmentBusinessSafety
LaHood Likely DOT Pick
President-elect Barack Obama is expected to name retiring Illinois Republican U.S. Rep. Ray LaHood to be his transportation secretary.
December 22, 2008GovernmentBusinessSafetyFuel
Diesel, Gasoline Prices Decline
U.S. fuel prices continued their steep three-month declines last week, even as the cartel of oil-producing nations announced a record cut in production in an attempt to lift global oil prices in 2009.
December 22, 2008BusinessSafetyGovernment
Obama Formally Nominates DOT, Labor Secretaries
President-elect Barack Obama Friday formally named Rep. Ray LaHood (R-Ill.) to be his Transportation Secretary and Rep. Hilda Solis (D-Calif.) to be Secretary of Labor.
December 19, 2008BusinessSafetyFuelEquipment
Cummins’ Emissions Unit Lays Off 100 at Wisconsin Plant
Diesel engine maker Cummins Inc.’s emissions subsidiary will lay off about 100 workers at a Wisconsin plant, effective immediately, because of the slumping North American truck market, the company said.
December 19, 2008Business
Government Approves $17.4 Billion Auto Industry Bailout
The Bush administration Friday approved an emergency $17.4 billion bailout of the U.S. auto industry, offering loans in exchange for concessions from automakers and their workers, the Associated Press reported.
December 19, 2008Business
Oil Steady Below $37 a Barrel
Oil was steady early Friday after closing Thursday below $37 a barrel on the New York Mercantile Exchange, the first time it closed below $40 in more than four years, Bloomberg reported.
December 19, 2008