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Bush to Nominate Shane to DOT Post; Markets End Down, but Rally Late in Day; Midwest Gasoline Prices Remain Stable; Airlines Go to Hill for Bailout Package; Bush Signs $40 Billion Package; and more...

The Federal Reserve said Wednesday that the U.S. economy was “sluggish” even before the terrorist attacks of Sept. 11..

The American Trucking Associations has posted a package of useful information for trucking companies in light of the events of September 11.

Through blood, dust and broken chandeliers, economists Bob Costello and Diego Saltes fought their way out of the World Trade Center complex on Sept. 11 and eventually back to their offices at American Trucking Associations, just miles away from the smoldering Pentagon.

As the Transportation Department moved to implement new security measures at airports and border crossings, freight haulers are bracing for longer delays, closer scrutiny of drivers and higher costs as some of the consequences of last week’s terrorist strike.

Federal authorities last week searched truck cabs, tractors, cars and ship cargo holds along the nation’s borders and at its seaports, creating inspection lines that stretched for several miles at crossing points into Mexico and Canada and at some ports.

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Markets Up for Much of Day, Finish Down Again; More Tax Cuts May Help Economy, Fracture Congress; Airlines Seek $24 Billion Aid Plan; Diesel Engine Plant Resumes Output; and more...

Though it kept rolling in the immediate aftermath of the Sept. 11 terrorist attacks, the trucking industry couldn’t buck the downward trend in stock prices Monday as Wall Street reopened for business.

While last week’s terrorist attacks triggered tremendous short-term dislocations of U.S. freight systems, trucking activity will suffer much more if the events of last week push the broad U.S. economy into a hard recession as many analysts now fear.