Federal Reserve officials said during their Jan. 29-30 meeting that lower interest rates may be needed for some time in order to stave off the affects of a faltering U.S. economy, Bloomberg News reported.
February 21, 2008Search
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S&P Slashes YRC鈥檚 Credit Rating
Credit rating agency Standard & Poor鈥檚 on Thursday lowered YRC Worldwide鈥檚 corporate credit rating to 鈥淏B鈥 from 鈥淏B+,鈥 and said that the carrier鈥檚 slumping earnings could hurt its ability to fulfill credit obligations if the current softness in the trucking industry persists.
February 21, 2008Knight Puts 1,000th 2007 Tractor Into Service
Truckload carrier Knight Transportation said it has taken delivery of its 1,000 tractor certified to the Environmental Protection Agency鈥檚 2007 emission standards.
February 21, 2008January CPI Rises 0.4%
The consumer price index rose 0.4% in January, matching an increase in December that was larger than originally reported, the Labor Department said Wednesday.
February 20, 2008January Housing Starts Remain Near 17 Year Low
Housing starts inched up 0.8% in January, remaining close to the 17 year low reached last month, the Commerce Department said Wednesday.
February 20, 2008January Housing Starts Remain Near 17 Year Low
Housing starts inched up 0.8% in January, remaining close to聽last month's聽17 year low, the Commerce Department said Thursday.
February 20, 2008Long Beach Port Officials to Vote Tuesday on Emissions Plan
A plan by the Port of Long Beach, Calif., on how to address truck emissions and hire drivers is causing divisions with the adjacent Port of Los Angeles, the Los Angeles Times reported Tuesday.
February 19, 2008Long Beach Port Officials Approve Emissions Plan
Officials with California鈥檚 Port of Long Beach have approved a plan aimed at reducing truck emissions at the port, in spite of objections from drivers, public health advocates, and environmentalists, the Los Angeles Times reported Wednesday.
February 21, 2008Supreme Court Strikes Down Maine Tobacco Law
U.S. Supreme Court justices on Wednesday unanimously struck down a Maine law that would have placed new restrictions on聽motor carriers delivering tobacco shipments, Bloomberg News reported.
February 20, 2008Patriot Sets Stock Repurchase Plan
Patriot Transportation Holding said Tuesday that its board has authorized repurchase of up to $5 million of its common stock.
February 19, 2008