DOT Sets New Border Projects
Drivers and freight shippers will experience fewer delays at U.S. border crossings in California, Texas and Washington state due to new congestion-relief projects that will include public-private partnerships, the Department of Transportation said Friday.
September 19, 2008FedEx’s 1Q Profit Slips 22%; Express Unit to Boost Rate 4.9%
FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.
September 18, 2008Philadelphia Manufacturing Index Shows Expansion
Manufacturing levels in the Philadelphia region improved and moved into positive territory this month, the Federal Reserve Bank of Philadelphia said Thursday.
September 18, 2008Leading Economic Indicators Decline
An index of leading economic indicators fell 0.5% in August, the New York-based Conference Board said Thursday.
September 18, 2008Crude Settles Below $100 a Barrel
Oil prices remained under $100 a barrel Thursday after earlier rising over $102, Bloomberg reported.
September 18, 2008Seat Belt Use Reaches Record 83%
Seat-belt use in the United states has risen to a record 83% in daylight hours this year, up from 82% last year, the Department of Transportation said Wednesday.
September 17, 2008U.S. Lawmakers Raise Concerns on UPS-DHL Air Deal
Ohio officials told federal lawmakers they have been rebuffed in their efforts to persuade DHL to consider alternatives to its proposed agreement to have UPS Inc. carry its North American air packages, the Associated Press reported.
September 17, 2008August Housing Starts Plunge 6.2%
New home construction plunged 6.2% in August, the Commerce Department said Wednesday.
September 17, 2008House Passes Energy Bill Allowing More Offshore Drilling
The House late Tuesday approved a bill that legislation that would open more offshore areas for oil and oil and natural gas drilling, pending states’ approval, the Associated Press reported.
September 17, 2008Diesel Drops 3.6¢ to $4.023; Gasoline Jumps 18.7¢ to $3.835
Despite a major hurricane on Texas’ Gulf Coast this weekend, diesel fuel’s national average price fell for the ninth straight week, dropping 3.6 cents to $4.023 a gallon, but gasoline’s average jumped 18.7 cents, the Department of Energy said Monday.
September 16, 2008