The Port of Los Angeles said Wednesday it will allow a limited number of truckers to continue operating their existing trucks past a Jan. 1 deadline for cleaner trucks.
December 16, 2009Business
Initial Jobless Claims Increase
Initial jobless claims rose last week, the Labor Department reported Thursday.
December 17, 2009Business
Fed Again Holds Key Interest Rate at Record Low Near Zero
The Federal Reserve voted for the ninth straight time Wednesday to keep a key U.S. interest rate at a record low 鈥渢arget range鈥 of zero to 0.25%.
December 16, 2009GovernmentBusinessLogistics
Schneider Completes Intermodal Container Conversion
Schneider National said Wednesday its intermodal division has completed a three-year conversion project replacing its mixed trailer/container fleet to an all-container fleet.
December 16, 2009BusinessGovernment
November CPI Rises 0.4%
The consumer price index rose 0.4% in November, the Labor Department said Wednesday.
December 16, 2009BusinessEquipment
Cummins鈥 Engine President to Step Down
Cummins Inc. said late Tuesday that Jim Kelly, president of its engine business, will leave the position in March and that it will name a successor 鈥渋n the very near future.鈥
December 15, 2009GovernmentBusinessSafety
LaHood Cites 鈥楿rgency鈥 for Texting Ban
WASHINGTON 鈥 Transportation Secretary Ray LaHood said the department was working to complete its work on a regulation to ban texting by commercial drivers, and that it would be finished 鈥渟ooner rather than later.鈥
December 15, 2009BusinessGovernment
November Spot Freight 65% Over Last Year, TransCore Says
Spot market freight availability increased by 65% in November compared to last year according to the TransCore Freight Index, a measure of truckload freight volume found on load boards.
December 15, 2009GovernmentBusinessFuel
Senate Must Extend Biodiesel Tax Credit by Dec. 31, Producers Warn
Biodiesel producers are threatening to shut down their operations if the Senate does not approve a bill that would extend the $1 per gallon biodiesel tax credit due to expire Dec. 31.
December 15, 2009BusinessSafetyGovernmentLogistics
Pacer Names Daniel Avramovich CEO
Transportation and third-party logistics firm Pacer International said Daniel Avramovich will become its new chief executive officer, effective close of business Tuesday.
December 15, 2009