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News Briefs - Nov. 6
Parts Maker ArvinMeritor Reports Improvement in 4Q • Florida East Coast Reports Net Loss in 3Q • Port Talks Adjourned as Costs Are Assessed • OPEC Oil Output Rises to 27.1 Million Barrels a Day • And more ...
November 6, 2002Fed Policymakers Cut Interest Rates by One-Half Point
The Federal Reserve's policymaking group – the Federal Open Market Committee -- announced Wednesday it would ease monetary policy enough to cut interest rates by half a percentage point.
November 6, 2002News Briefs - Nov. 5
Cummins to Add 140 Jobs • Bush Signs Bill to Create Ports-to-Plains Corridor • International Truck Makes Several Leadership Changes • Visteon Seeks to Reduce Force • And more ...
November 5, 2002Truck Driver, Warehouse Jobs Decline in New York
About 1,300 truck driving and warehouse jobs have been lost in the New York City area since the 9/11 terrorist attacks, mainly because of a cargo dropoff at the city's two main airports, a new study has found.
November 5, 2002Service Economy Growth Slows in October
The services sector of the U.S. economy continued to show growth in October, but did so at a slower pace, the Institute for Supply Management reported Tuesday.
November 5, 2002UAW Files Unfair Labor Charge Against Peterbilt
The United AutoWorkers said Monday that it has filed unfair labor practice charges against Peterbilt Motors, a division of truck maker Paccar Inc. stemming from a situation that has idled 700 workers at the company's Madison, Tenn. factory.
November 5, 2002Yellow Corp. Wins High Court Battle
Yellow Corp. won its Supreme Court case against the state of Michigan over state-imposed truck fees, Bloomberg reported Tuesday.
November 5, 2002Wash. Fuel Tax Leads Number of Trucking Issues on Ballots
As voters go to the polls across the country Tuesday, they look at a number of issues close to the trucking industry, led by a possible 9-cent per gallon increase in fuel taxes in the state of Washington.
November 5, 2002Factory Orders Fall 2.3% in September
Orders placed with U.S. factories fell 2.3% -- their third decline in four months, the Commerce Department reported Monday.
November 4, 2002News Briefs - Nov. 4
P.A.M. Boosts 3Q Earnings • UPS Will Not Make Seasonal Hires at Ky. Hub • Dockworkers, Ports Make Progress • Ventura Names Independent Barkley to Vacant Senate Seat • And more ....
November 4, 2002