Fed Lowers Key Interest Rate to 4.75%
The Federal Reserve Tuesday voted to lower the benchmark U.S. interest rate by half a percentage point to 4.75%, the first reduction in four years.
September 18, 2007Diesel Jumps 4¢ to $2.964; Gas Falls 3.1¢ to $2.787
Diesel fuel’s national average price jumped 4 cents from last week to $2.964 a gallon, the Energy Department said Monday.
September 18, 2007Fed Expected to Cut Interest Rate
The Federal Reserve is expected to cut its federal funds interest rate Tuesday for the first time in four years, the Associated Press reported.
September 18, 2007Crude Hits Another Record; Tops $81 Overnight
Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.
September 18, 2007TMW Buys IDSC; Upgrades TruckMate Program
Transportation technology provider TMW Systems said Monday it acquired Integrated Support Decision Corporation, for an undisclosed sum.
September 17, 2007PeopleNet, Microdea Set In-Cab Scanning
Transportation software firm PeopleNet, in partnership with Microdea Inc., said Monday the two have introduced in-cab scanning for the trucking industry.
September 17, 2007GAO Faults FMCSA on Trucking Fines
Trucking regulators do not always use the maximum fines on trucking companies found with serious safety violations, according to the Government Accountability Office, Bloomberg reported.
September 17, 2007Trucking’s Interest in GPS Devices Growing to Meet Needs of Shippers, Survey Finds
Global Positioning System equipment has not yet become standard for all motor carriers, but more fleets are showing interest in the technology to meet the demands of shippers, and those who use it already rate their systems highly, a recent survey showed.
September 17, 2007First U.S. Truck Rolls Past Mexico Border Zone
The first U.S. truck to drive deep into Mexico rolled into that country on Friday, and a Mexican trucking group said it had concerns about the cross-border program, the Associated Press reported.
September 17, 2007UPS Freight Sees Sales Growth, Aided by Technology, Marketing
The president of UPS Inc.’s freight division said he expects the carrier to continue expanding annual sales by about 10%, helped by better technology and marketing, Bloomberg reported.
September 17, 2007