Demand for transportation services has lowered since early October, and costs for services have fallen in some areas, and demand for transportation services will continue into 2009, the Federal Reserve said Wednesday.
December 3, 2008Business
Pilgrim's Pride Files for Bankruptcy
Poultry producer and transporter Pilgrim’s Pride Corp. has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
December 3, 2008BusinessSafetyGovernment
ISM Services Index Falls to Record Low
The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008GovernmentBusinessSafety
Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008BusinessGovernment
ABF Cites Union Contract Concerns
Arkansas Best Corp. may seek to amend its labor contract with the Teamsters union following the union’s tentative agreement to make contract changes to help reduce costs at less-than-truckload carrier YRC Worldwide, Bloomberg reported.
December 3, 2008BusinessFuelLogistics
BNSF Postpones Fuel Surcharge Increases
Freight railroad BNSF Railway Co. said Tuesday it is postponing fuel surcharge increases that were scheduled to take place in January and February “due to current volatility in the fuel markets.”
December 2, 2008FuelBusinessLogisticsGovernment
Diesel’s Decline Slows; Fuel Falls 4.9¢ to $2.615
Diesel fuel’s national average price continued its downward trend but slowed its rate of decline, falling 4.9 cents to $2.615 a gallon, the Department of Energy said.
December 2, 2008GovernmentBusinessSafety
FMCSA Sets Stronger Medical Requirements for Drivers
The Federal Motor Carrier Safety Administration has finalized a streamlined process for combining the commercial driver’s license and medical certificate records for commercial truck and bus drivers.
December 2, 2008BusinessSafetyGovernmentLogistics
U.S. Economy Has Been in Recession a Year, Business Group Says
The U.S. economy has been in a recession for the past year, the Associated Press reported Monday, citing a report by the National Bureau of Economic Research.
December 1, 2008BusinessSafetyGovernmentEquipmentTechnology
Meritor WABCO Debuts System for Automatic Truck Braking
ATLANTA — Meritor WABCO demonstrated its new automatic braking system for heavy-duty trucks that is integrated with its anti-lock braking and stability control systems. Executives said the system can cut accident rates, especially rear-end collisions, which account for nearly 20% of all truck-involved crashes.
December 1, 2008