The Department of Transportation鈥檚 freight transportation services index for November rose 1.8% from a year earlier, DOT said Wednesday.
January 9, 2008GovernmentBusinessSafety
FedEx Says Its Drivers Are Classified Correctly
FedEx Corp. Chief Executive Frederick Smith he is confident the company鈥檚 FedEx Ground unit drivers are correctly classified and that the division remains 鈥渇undamentally strong鈥 in the face of adverse court rulings.
January 10, 2008BusinessGovernment
Fed Chairman Says Rate Cut Likely
Federal Reserve Board Chairman Ben Bernanke said the Fed would cut interest rates as needed to prevent housing and credit problems from plunging the country into a recession, the Associated Press reported.
January 10, 2008BusinessGovernment
Wholesale Inventories Rise 0.6%
Wholesale inventories rose 0.6% in November, while sales jumped 2.2%, the Commerce Department said Thursday.
January 10, 2008Government
Oil Prices Continue Slide, to Near $94 a Barrel
Oil prices continued a downward trend Thursday, falling to near $94 a barrel just a week after broaching the $100 level for the first time, Bloomberg reported.
January 10, 2008GovernmentBusinessSafety
I-4 Closed in Florida Following Pileup
A 15-mile stretch of Interstate 4 in central Florida remained closed early Thursday after a 70-vehicle crash Wednesday caused by fog and smoke from a brush fire, the Associated Press reported.
January 10, 2008Government
N.J. Governor Backs Tolls Hike
New Jersey Gov. Jon Corzine (D) said he would sharply raise tolls to help pay off the state鈥檚 debt, the Newark Star-Ledger reported Wednesday.
January 9, 2008GovernmentBusinessSafety
Year in Review: Hours Battle Continued in 鈥07 as Adversaries Went to Court
The eyes of the trucking industry were firmly fixed on Washington for much of 2007, first watching a federal court deliberate over the fate of the hours-of-service rule, then looking to the Federal Motor Carrier Safety Administration to see how it would address the court鈥檚 ruling.
January 9, 2008BusinessFuelGovernmentSafety
Polar Air Cargo to Begin U.S.-Japan Flights
Polar Air Cargo Worldwide said Wednesday it will begin service to Japan, from Chicago,聽starting Feb. 21.
January 9, 2008FuelBusinessGovernment
Diesel to Average $3.40 Through March, DOE Says
Monthly diesel fuel average prices will be at least $3.40 a gallon for the first three months of 2008 before tailing off later in the year to near $3, the Department of Energy said Tuesday.
January 8, 2008