Oil fell below $50 a barrel for the first time in almost two years, as recession in the United States, Europe and Japan cut global energy demand, Bloomberg reported Thursday.
November 20, 2008BusinessSafetyGovernment
Obama Names DOT Transition Team
President-elect Barack Obama has named a five-person group to oversee the transition for the Department of Transportation.
November 21, 2008BusinessGovernment
Philadelphia Manufacturing Index Shrinks
Manufacturing levels in the Philadelphia region contracted this month at the fastest pace in 18 years, the Federal Reserve Bank of Philadelphia said Thursday.
November 20, 2008GovernmentBusiness
Leading Economic Indicators Fall 0.8%
An index of leading economic indicators declined in October for the third time in four months, the New York-based Conference Board said Thursday.
November 20, 2008BusinessSafetyGovernment
Highway Trust Fund Declines by $3 Billion, DOT Says
The federal highway trust fund took in $3 billion less in fiscal year 2008, as Americans drove 90 billion miles fewer miles over an 11-month period compared with a year ago, the Department of Transportation said late Wednesday.
November 19, 2008BusinessGovernmentSafety
Opinion: Factoring Helps, Not Hurts, Trucking Industry
This is a response to the article聽鈥淐ash-Strapped Carriers Resort to Quick Pay Plans, Factoring鈥 (10-13, p. 55).聽I would like to set the story straight.
November 19, 2008BusinessSafetyGovernment
NAFTA Trade Rose 4.5% in 2007
Trade among the United States, Canada and Mexico set a record in gaining 4.5% in 2007 from a year earlier, the Department of Transportation said Wednesday.
November 19, 2008GovernmentBusinessSafety
FMCSA Sends EOBR Rule to White House for Review
The Federal Motor Carrier Safety Administration has sent its rule governing the use of electronic onboard recorders to the White House for review, in tandem with its announcement that it would leaving its hours-of-service regulation unchanged.
November 19, 2008BusinessGovernment
Consumer Price Index Falls 1%; Drop Is Biggest on Record
Consumer prices fell 1% in October, the biggest decline on record, the Labor Department said Wednesday.
November 19, 2008Government
Housing Starts Fall 4.5% in October
New housing starts declined 4.5% in October, the Commerce Department said Wednesday.
November 19, 2008