U.S. Trade Deficit Takes Record Jump
The U.S. trade deficit widened by $7.9 billion in June, the biggest increase since records began being kept in 1992, the Commerce Department said Wednesday.
August 11, 2010Fed Again Holds Interest Rate at Record Low
The Federal Reserve voted for the 14th straight time to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
August 11, 2010DOE Holds Diesel Forecast Under $3 a Gallon
The Department of Energy said diesel will average just below $3 a gallon this year, in line with its previous forecasts, but will climb over that level in 2011.
August 10, 2010Bill Would Ban Horse Transport in Double-Deck Trailers
Legislation that would ban the transportation of horses in double-decker trailers would cost the nearly 80 contractors who transport livestock to rodeos all over the U.S. more than $4 million in extra operating and equipment costs, according to estimates by the Professional Rodeo Cowboys Association.
August 10, 2010Productivity Rate Declines in Second Quarter
U.S. workers’ productivity decreased in the second quarter, the first drop since the end of 2008, the Labor Department said Tuesday.
August 10, 2010Wholesale Inventories Rise in June
Wholesale inventories rose 0.1% in June, while sales fell, the Commerce Department said Tuesday.
August 10, 2010New Mexico Mulls Closing Some Rest Areas
New Mexico is considering closng 13 of its 32 highway rest areas because of a budget shortfall.
August 10, 2010Diesel Jumps 6.3¢ to $2.991 a Gallon
Spurred by higher oil prices, diesel’s national average retail price rose for a third straight week, jumping 6.3 cents to $2.991 a gallon, its biggest increase in four months, the Department of Energy said.
August 10, 2010Con-way Freight’s Carl Krites Is NTDC’s Grand Champion
COLUMBUS, Ohio — Con-way Freight driver Carl Krites was named Grand Champion at the National Truck Driving Championships Saturday, beating more than 400 truck drivers in taking the title.
August 9, 2010Volvo Japan Unit Reportedly Expanding Diesel Engine Capacity
Japanese firm UD Trucks Corp., a unit of Volvo AB, will invest about $60 million to set up a commercial vehicle diesel engine production line near Tokyo, Bloomberg reported Monday.
August 9, 2010