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, 2008Search
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UAW Open to Renegotiating Terms; Suspending Jobs Bank
The United Auto Workers said Wednesday it is willing to alter contracts with U.S. automakers and accept delayed payments of billions of dollars to health care trust fund in order to help the companies potentially secure $34 billion in government loans, the Associated Press reported.
December 3, 2008U.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, 2008FMCSA 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, 2008BNSF 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.â€
December 2, 2008October Construction Spending Drops 1.2%
Construction spending fell 1.2% in October, the Commerce Department said Monday.
December 1, 2008NAFTA Surface Trade Rises 7.5%
Surface trade among the United States, Canada and Mexico rose 7.5% in September from the same month last year, the Department of Transportation said Monday.
December 1, 2008ISM Manufacturing Index Falls to 26-Year Low
U.S. manufacturing activity contracted at the fastest pace in 26 years last month, the Institute for Supply Management said Monday.
December 1, 2008YRC, Teamsters Reach Tentative Agreement on Contract Modification
YRC Worldwide and the Teamsters union have agreed tentatively on a cost-reduction package to reduce expenses, the two said.
December 1, 2008N.J. Turnpike Rates Rise Monday
Higher tolls on the New Jersey Turnpike take effect Monday, with discounts in place for trucking firms that spend at least $10,000 a month in tolls, the Asbury Park (N.J.) Press reported.
December 1, 2008