President-elect Barack Obama is set to name retiring Illinois Republican Rep. Ray LaHood as his transportation secretary, several news outlets reported.
December 18, 2008BusinessGovernmentLogistics
Hub Group Downgrades 4Q Outlook
Third-party logistics company and freight broker Hub Group said its full-year 2008 earnings will be lower than previously estimated, due to sluggish intermodal and brokerage volumes and pricing.
December 18, 2008GovernmentBusiness
Leading Indicators Drop 0.4% in November
An index of leading economic indicators fell 0.4% in November, marking the fifth downturn in seven months, the New York-based Conference Board said Thursday.
December 18, 2008BusinessGovernment
Philadelphia Fed Factory Index Remains in Contraction
Manufacturing levels in the Philadelphia region improved from a month ago but remained in contraction, the Federal Reserve Bank of Philadelphia said Thursday.
December 18, 2008GovernmentBusinessSafety
FMCSA Sets Intermodal Chassis 鈥楻oadability鈥 Rule
The Federal Motor Carrier Safety Administration Wednesday issued a new rule that it said will 鈥渟ignificantly strengthen safety requirements鈥 for intermodal container chassis.
December 17, 2008GovernmentBusinessSafety
Opinion: Trucking and the New Administration
Election day has come and gone, and regardless of political persuasion, the optimist in each of us hopes President-elect Barack Obama鈥檚 administration heralds an uplifting and more positive era of government.
December 17, 2008GovernmentBusinessSafety
Letters to the Editor: EOBR Mandate; Auto Bridge Loan; Broker Legislation; Medical Certificates
Onboard recording devices are the future. Successful use of these devices . . . does not eliminate cheating on the logs, in spite of anything Joan what鈥檚-her-name thinks. Ask any driver [at a company that uses them].
December 17, 2008GovernmentBusinessSafety
Fed Cuts Rate to Record Low 鈥楾arget Range鈥 of Zero to 0.25%
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, 2008Government
Housing Starts Plunge 18.9% to Record Low
New housing starts plunged 18.9% in November to the lowest level on record, the Commerce Department said Tuesday.
December 16, 2008