Port of Los Angeles officials voted late Thursday to ban independent truck drivers from the port by the end of 2013, the Long Beach Press-Telegram reported Friday.
May 16, 2008BusinessGovernment
Consumer Confidence Hits 28-Year Low
U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 16, 2008GovernmentBusiness
Housing Starts Jump 8.2% in April
New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.
May 16, 2008BusinessGovernmentLogistics
Ontario-U.S. Truck Border Crossings Decline
Truck crossings from the Canadian province of Ontario into the United States have fallen 5.6% in 2008 compared with the same period last year, the Ontario Trucking Association said Thursday.
May 15, 2008BusinessGovernment
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month, but continued to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.
May 15, 2008BusinessGovernment
New York Manufacturing Index Declines
Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.
May 15, 2008BusinessSafetyGovernment
DOT Freight Transport Index Drops 0.4% in March
The Department of Transportation’s freight transportation services index fell 0.4% in March from the same month last year, DOT said Wednesday.
May 14, 2008BusinessFuelGovernment
Oil Price Falls Following DOE Report
Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve, Bloomberg reported.
May 14, 2008BusinessGovernment
Oregon Police Ride in Trucks to Nab Unsafe Drivers
Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don’t leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site.
May 14, 2008GovernmentBusinessSafety
Deutsche Post’s 1Q Profit Drops
Deutsche Post said Wednesday its first-quarter profit fell 18% on a writedown of a German unit and slowing U.S. economic growth that hurt its U.S. DHL division, Bloomberg reported.
May 14, 2008