Philadelphia Factory Index Improves
Manufacturing levels in the Philadelphia region contracted this month at the slowest pace in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 21, 2009Oil Falls From Six-Month High to Below $61
Oil prices fell from a six-month high Thursday to below $61 a barrel following a Federal Reserve report said the U.S. economy may be slow in recovering, Bloomberg reported.
May 21, 2009Oil Pushes Past $62 a Barrel to Six-Month High
Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009ATA Files Appeal in SoCal Ports Case
American Trucking Associations has filed an appeal with the Ninth Circuit Court of Appeals, claiming that a lower court did not follow the circuit court's directions in granting an injunction in its continuing fight with the ports of Los Angeles and Long Beach, the Long Beach Press-Telegram reported.
May 19, 2009Opinion: Freight Broker Liability
Against the backdrop of a recent multimillion-dollar verdict against one of the world’s largest freight brokers, now is a good time for freight brokers across this country to review their procedures to reduce exposure to similar liability.
May 19, 2009Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration’s comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a “clean energy” economy, the Associated Press reported.
May 19, 2009Diesel Rises 1.5¢ to $2.231; Gas Gains 6.9¢
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009Housing Starts Plunge 13% to Record Low
New housing starts plunged 13% to a record low in April, the Commerce Department said Tuesday.
May 19, 2009Daimler Gives Schneider Trucks With 2010-Compliant Engines
The two main truck and engine companies of Daimler Trucks North America said they have provided truckload carrier Schneider National with two more test tractors powered by 2010-compliant diesel engines.
May 18, 2009Caterpillar to Cut Worker Hours at Ind. Engine Plant
Heavy equipment and diesel engine maker Caterpillar Inc. said it will cut hours at least in half for 985 workers in its Lafayette, Ind., plant, the Associated Press reported Monday.
May 18, 2009