Surface transportation trade among the United States, Canada and Mexico rose 4.1% to $830 billion in 2008 from 2007, the Department of Transportation said Wednesday.
March 18, 2009Business
Fed Holds Interest Rate at Record Low
The Federal Reserve voted unanimously Wednesday to keep a key U.S. interest rate at a record low 鈥渢arget range鈥 of zero to 0.25%.
March 18, 2009BusinessGovernment
Consumer Prices Rise 0.4% in February
Consumer prices rose more than forecast in gaining 0.4% in February, the Labor Department said Wednesday.
March 18, 2009BusinessGovernment
Consumer Prices Rise 0.4% in February
Consumer prices rose more than forecast in gaining 0.4% in February, the Labor Department said Wednesday.
March 18, 2009Business
MAN Completes VW Truck Acquisition in Brazil
German truck maker MAN AG said Tuesday it has completed its acquisition of VW Truck & Bus in Brazil, making MAN on a leader in the Brazilian commercial vehicle market.
March 17, 2009GovernmentBusinessFuelLogistics
Diesel Falls 2.8垄 to $2.017
Diesel fuel fell 2.8 cents to a $2.017 per-gallon national average, the lowest price in more than four years, the Department of Energy said.
March 17, 2009BusinessGovernment
Mexico Plans Tariffs in Cross-Border Trucking Dispute
Mexico plans to put tariffs on about 90 U.S. industrial and agricultural products in retaliation for a U.S. decision to cancel a pilot cross-border trucking program between the two countries, news services reported.
March 17, 2009Business
E&MU: Incentives Scarce Despite Slow Sales
By all indications, it鈥檚 going to be a lousy year for equipment sales. Sales of heavy-duty trucks hit a 16-year low in 2008, and this year could be even worse as freight carriers cut back on capacity in response to a steep drop in demand for shipping.
March 17, 2009BusinessSafetyGovernment
LaHood Says DOT Working to Expedite Stimulus Projects
The Department of Transportation is moving quickly to use economic stimulus funds to improve infrastructure, Transportation Secretary Ray LaHood said Tuesday.
March 17, 2009BusinessGovernment
Caterpillar Sets 2,400 Layoffs in Three States
Caterpillar Inc. said Tuesday it will lay off more than 2,400 employees at five plants in three states as the heavy equipment maker continues to cut costs amid the economic downturn, the Associated Press reported.
March 17, 2009