Road projects, railroads and airports would get almost $44 billion over two years under a proposed stimulus plan, with about $30 billion slated for highways and bridges, Bloomberg reported Thursday.
January 16, 2009Business, Equipment, Government
Anything Trucker Creates Online LTL Load Board
Anything Trucker, an Internet retailer of truck and trailer accessories, said Jan. 5 it had launched the Freight Auction Network for less-than-truckload carriers.
January 16, 2009Fuel, Business
Cold Weather Causing More Biodiesel Problems in Minn.
The Bloomington, Minn., School District closed all of its schools Thursday because biodiesel fuel gelled and clogged in the district's buses, the Minneapolis-St. Paul Star-Tribune reported.
January 16, 2009Business
Industrial Production Drops 2% in December
U.S. industrial production plunged 2% in December, the Federal Reserve said Friday, while automobile output fell to the lowest level in 25 years.
January 16, 2009Business, Government
Consumer Confidence Improves
U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Tuesday.
January 16, 2009Business, Fuel, Government
CPI Falls 0.7% in December; Gained 0.1% for Year
Consumer prices fell 0.7% in December led by declining energy costs and slowing the declines of previous months, the Labor Department said Friday.
January 16, 2009Business, Safety
Rail, Intermodal Traffic Decline for Week
Rail and intermodal traffic fell for the week ended Jan. 10 from a year ago, the Association of American Railroads said.
January 16, 2009Business, Safety, Government
TTNews.com Closed for Martin Luther King Day
Transport Topics Online will be closed Monday for the Martin Luther King Jr. Day holiday. Please check back on Tuesday, Jan. 19, for the latest trucking and freight transportation news.
January 15, 2009Business, Government
Philadelphia Fed Factory Index Shrinks
Manufacturing levels in the Philadelphia region contracted in January, the Federal Reserve Bank of Philadelphia said Thursday. It was the 13th month of contraction in the last 14 months.
January 15, 2009Business
Economic Activity Declined Into New Year, Fed Reports
The U.S. economy weakened across almost all regions at the end of last year, hurt by a lack of credit and declines in retail sales, the Federal Reserve reported.
January 15, 2009