The Federal Motor Carrier Safety Administration, in a notice to be published in Wednesday’s Federal Register, said it was making no changes to its controversial hours-of-service rule.
November 18, 2008BusinessGovernment
Consumer Price Index Falls 1%; Drop Is Biggest on Record
Consumer prices fell 1% in October, the biggest decline on record, the Labor Department said Wednesday.
November 19, 2008Government
Housing Starts Fall 4.5% in October
New housing starts declined 4.5% in October, the Commerce Department said Wednesday.
November 19, 2008Government
Federal Bailout of U.S. Automakers May Be in Jeopardy
U.S. lawmakers were deadlocked on a plan to bail out the U.S. “big three†automakers, leaving General Motors Corp. with the prospect of running out of cash before a new Congress is sworn in next year, Bloomberg reported Thursday.
November 19, 2008FuelBusinessLogisticsGovernment
Diesel Continues to Slide, Dropping 13.5¢ to $2.809
Diesel fuel’s national average price continued to slide, falling another 13.5 cents to $2.809 a gallon, the Department of Energy said Monday.
November 18, 2008Government
Producer Price Index Shows Record Drop
Prices paid to U.S. producers fell by the most on record in October, falling 2.8%, the Labor Department said Tuesday.
November 18, 2008BusinessGovernmentSafetyFuel
Obama May Reverse Bush Policy on Denial of Emissions Waiver
Reversing Bush administration policies, including its denial of California’s request for a waiver allowing the state to regulate automobile greenhouse-gas emissions, could be high on President-elect Barack Obama’s agenda in January, some observers said.
November 17, 2008GovernmentBusinessSafetyFuelLogistics
Canadian Report Highlights Biodiesel Concerns
Adding biodiesel to Canada’s existing fuel storage, blending and distribution infrastructure could spur a host of problems for the country's distillate market, the Canadian Trucking Association said.
November 17, 2008BusinessGovernment
N.Y. ‘Empire State’ Manufacturing Index Contracts Sharply
Manufacturing growth in New York state contracted this month at the fastest pace on record, the Federal Reserve Bank of New York said Monday.
November 17, 2008GovernmentBusinessSafety
DHL to End U.S. Parcel Service After 5 Years, Nearly $10 Bln.
Deutsche Post, owner of DHL Express, said it would close the parcel carrier’s U.S. operations after an unsuccessful five-year, $10 billion attempt to crack into a $61.1 billion market dominated by UPS Inc. and FedEx Corp.
November 17, 2008