Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible 鈥減rolonged and severe economic downturn,鈥 when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008FuelBusinessGovernmentTechnologyEquipmentSafety
Cummins Begins Production at Chinese Fuel Systems Plant
Diesel engine maker Cummins Inc. said Tuesday it opened its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan plant, in China.
April 8, 2008BusinessSafetyGovernment
Study Aims to Find Best Ways to Remove Snow From Trucks
The American Transportation Research Institute has initiated a study of the costs and benefits of removing snow and ice from the tops of tractor-trailers.
April 8, 2008BusinessSafety
U.S. Automakers Planning More Exports, Journal Says
U.S. automakers have set goals of exporting more American cars, following new labor agreements and a weaker U.S. dollar, the Wall Street Journal reported Tuesday.
April 8, 2008GovernmentBusinessSafetyLogistics
Teamsters Ratify 5-Year Contract with UPS Freight
The Teamsters union and UPS Inc. said Monday that Teamsters members had overwhelmingly ratified their first national contract at UPS Freight, the less-than-truckload unit of UPS Inc.
April 8, 2008GovernmentBusinessSafetyLogistics
Prime Inc. to Buy 1,900 Trailers from Wabash National
Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.
April 8, 2008BusinessSafety
Quality Distribution Alters Liability Coverage
Bulk and tanker carrier Quality Distribution Inc., Jacksonville, Fla., said it purchased an insurance policy to cover all accident liability claims between $2 million and $5 million.
April 7, 2008BusinessSafety
ISM Contraction May Indicate Trucking Upturn, Analyst Says
Last week鈥檚 Institute of Supply Management report that showed continued contraction may actually be good for the trucking industry鈥檚 outlook, according to an industry analyst, the Associated Press reported.
April 7, 2008BusinessSafetyLogistics
Norfolk Southern to Take 1Q Charge on Accident Settlement
Eastern freight rail line Norfolk Southern Corp. said Monday it will take a first-quarter charge of 2 cents per share, related to settlement of an accident claim.
April 7, 2008GovernmentBusinessSafetyFuel
Editorial: Picking an Engine Technology
As we move closer to the next federal mandate on emissions 鈥 which comes into force for 2010-model heavy-duty trucks 鈥 proponents of the two competing technologies are beginning to publicly argue over the superiority of their choices.
April 7, 2008