The Federal Reserve Tuesday cut聽the key U.S. interest rate to a 鈥渢arget range鈥 of zero to 0.25%, a record low.
December 16, 2008FuelBusinessLogisticsGovernment
Diesel Falls 9.3垄 to $2.422
Diesel fuel鈥檚 national average price fell 9.3 cents to $2.422 a gallon, while gasoline鈥檚聽decline slowed,聽the Energy Department said Monday.
December 16, 2008BusinessFuelGovernment
CPI Falls by Record 1.7% in November
Consumer prices fell in November by a record 1.7%, led by steep declines in energy, the Labor Department said Tuesday.
December 16, 2008BusinessGovernment
UPS Speeds Some LTL Shipments
UPS Freight said Monday it has set faster less-than-truckload聽shipping times between central Illinois and points throughout the country.
December 15, 2008Business
Daimler Delivers LNG Trucks To Port, Intermodal Carrier
LONG BEACH, Calif. 鈥 Executives of Daimler Trucks North America celebrated the official delivery of its first production-model heavy-duty trucks powered by liquefied natural gas here last week at the busiest port complex in North America.
December 15, 2008Business
US 1 Buys Majority Stake in Drayage Firm
US 1 Industries said it has agreed to acquire 60% of intermodal drayage company ARL Inc.
December 15, 2008Business
MAN Buys Volkswagen鈥檚 Brazilian Truck Operations
German truck maker MAN AG will acquire the Brazilian truck and bus operations of Volkswagen AG, which is MAN鈥檚 largest shareholder, for an undisclosed sum, Bloomberg reported Monday.
December 15, 2008GovernmentBusinessSafetyFuelTechnologyEquipment
EPA to Require Sensors For Emissions in 2010
The U.S. Environmental Protection Agency has issued its final rule requiring heavy-truck manufacturers to install onboard diagnostic systems starting in 2010 to alert drivers when engine emission systems are malfunctioning or deteriorating.
December 15, 2008BusinessLogistics
Wabash Suspends Dividend Payments
Trailer maker Wabash National Corp. said Monday it is suspending its quarterly dividend, 鈥渄ue to the impact of continued weak economic conditions and the uncertainty regarding the timing of a recovery.鈥
December 15, 2008Business
Industrial Production Falls in November
U.S. industrial production fell 0.6% in November, the Federal Reserve said Monday.
December 15, 2008