Jobless Claims Decline for Week
Initial jobless claims fell from a two-month high, declining 19,000 last week, the Labor Department said Thursday.
June 24, 2010Global Truck Market Demand Remains Weak, Report Says
The global market for commercial trucks is showing signs of recovery, but demand over the next few years is likely to stay far below the peak levels of 2006 in North America and 2008 in Europe, Standard & Poor’s Ratings Services said.
June 24, 2010CSX, D.C. File to Dismiss Hazmat Lawsuit
CSX Transportation and the District of Columbia filed a motion in federal court last week saying they plan to end their litigation over an attempt by the city to ban hazardous materials shipments.
June 24, 2010Oil Slides Following DOE Report
Oil declined $1.50 to below $77 a barrel following a Department of Energy report that showed crude inventories rose by 2 million barrels last week, Bloomberg reported.
June 23, 2010Fed Again Holds Interest Rate at Record Low
For the 13th straight time, the Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
June 23, 2010CSA 2010 Needs Improvements, Trucking Exec Tells Congress
The federal government’s Comprehensive Safety Analysis 2010 is supported by the trucking industry but needs some changes, a trucking executive testifying for American Trucking Associations told a congressional panel Wednesday.
June 23, 2010New Home Sales Fall to Record Low Rate
New home sales plunged 33% in May to a record low rate, as a home-buying tax credit expired, the Commerce Department said Wednesday.
June 23, 2010Global Commercial Navigation Shipments Expected to Reach 7.5 Million by 2015
Global commercial navigation system shipments will grow to 7.5 million in 2015 from 3 million in 2010, according to an ABI Research study.
June 23, 2010New Approach to Trailer Aerodynamics Increases Fuel Economy, SmartTruck Says
SmartTruck, a company founded by aerospace engineers, has received approval from the U.S. Environmental Protection Agency for trailer attachments that it said could improve over-the-road fuel efficiency by up to 11% and that it soon would begin manufacturing them.
June 23, 2010‘Tax Holiday’ Seen Helping Port of Los Angeles, Officials Say
A proposal that new companies locating in Los Angeles be given a three-year exemption from paying the city business tax would be a “shot in the arm” for the Port of Los Angeles and the harbor community, port officials said.
June 22, 2010