Connecticut Adds ‘Truck Escape Ramp’ to Route 44
Connecticut transportation officials announced the completion of a “truck escape ramp” on Route 44.
February 22, 2008S&P Slashes YRC’s Credit Rating
Credit rating agency Standard & Poor’s on Thursday lowered YRC Worldwide’s corporate credit rating to “BB” from “BB+,” and said that the carrier’s slumping earnings could hurt its ability to fulfill credit obligations if the current softness in the trucking industry persists.
February 21, 2008Knight Puts 1,000th 2007 Tractor Into Service
Truckload carrier Knight Transportation said it has taken delivery of its 1,000 tractor certified to the Environmental Protection Agency’s 2007 emission standards.
February 21, 2008Fed Minutes Reveal ‘Significant’ Risk of Downturn
Federal Reserve officials said during their Jan. 29-30 meeting that lower interest rates may be needed for some time in order to stave off the affects of a faltering U.S. economy, Bloomberg News reported.
February 21, 2008Leading Indicators Fall for Fourth Consecutive Month
The index of leading economic indicators January fell for the fourth consecutive month, driven down by deterioration in the stock and housing markets, the New York-based Conference Board said Thursday.
February 21, 2008Philadelphia Factory Index Plummets
Manufacturing levels in the Philadelphia region this month fell by the most since February 2001, the Federal Reserve Bank of Philadelphia said Thursday.
February 21, 2008Long Beach Port Officials Approve Emissions Plan
Officials with California’s Port of Long Beach have approved a plan aimed at reducing truck emissions at the port, in spite of objections from drivers, public health advocates, and environmentalists, the Los Angeles Times reported Wednesday.
February 21, 2008Initial Claims Fall by 9,000 for Week
Initial jobless claims fell by 9,000 for the week ended Saturday, the Labor Department said Thursday.
February 21, 2008Editorial: Economic Smelling Salts
Everyone is putting a lot of stock in the economic stimulus provided by a government package of tax rebates and incentives, and eagle-eyed economists and accountants are combing the legislative text for opportunities.
February 20, 2008Supreme Court Strikes Down Maine Tobacco Law
U.S. Supreme Court justices on Wednesday unanimously struck down a Maine law that would have placed new restrictions on motor carriers delivering tobacco shipments, Bloomberg News reported.
February 20, 2008