Obama Names DOT Transition Team
President-elect Barack Obama has named a five-person group to oversee the transition for the Department of Transportation.
November 21, 2008Automakers Fail in Bid for Federal Bailout
U.S. automakers left Washington Thursday with no pledge for aid from federal lawmakers to help their plans to return to profitability, the Wall Street Journal reported Friday.
November 21, 2008Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said.
November 21, 2008Oil Drops Below $50 a Barrel
Oil fell below $50 a barrel for the first time in almost two years, as recession in the United States, Europe and Japan cut global energy demand, Bloomberg reported Thursday.
November 20, 2008Philadelphia Manufacturing Index Shrinks
Manufacturing levels in the Philadelphia region contracted this month at the fastest pace in 18 years, the Federal Reserve Bank of Philadelphia said Thursday.
November 20, 2008Leading Economic Indicators Fall 0.8%
An index of leading economic indicators declined in October for the third time in four months, the New York-based Conference Board said Thursday.
November 20, 2008Jobless Claims Continue to Climb
First-time unemployment claims rose to the highest level in 16 years last week, the Labor Department said Thursday.
November 20, 2008Highway Trust Fund Declines by $3 Billion, DOT Says
The federal highway trust fund took in $3 billion less in fiscal year 2008, as Americans drove 90 billion miles fewer miles over an 11-month period compared with a year ago, the Department of Transportation said late Wednesday.
November 19, 2008Opinion: Factoring Helps, Not Hurts, Trucking Industry
This is a response to the article “Cash-Strapped Carriers Resort to Quick Pay Plans, Factoring” (10-13, p. 55). I would like to set the story straight.
November 19, 2008Fed Minutes Show Concern Over Economy, Unemployment
The Federal Reserve Wednesday sharply lowered its projections for the economy this year and into 2009, and signaled that additional interest rate reductions may be needed to help ease the country’s ongoing financial crisis, the Associated Press reported.
November 19, 2008