The Federal Reserve’s rate cut this week helped transportation industry stocks, as the broader economy needed a boost to help soften the slowdown that is projected to last through the first half of 2008, according to American Trucking Associations’ Chief Economist Bob Costello.
September 19, 2007Search
Showing 10 of 51257 results
= Premium Content
CPI Falls for First Time This Year
The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.
September 19, 2007Letters to the Editor: Border Dissent, HOS, Defensive Driving
I would like to urge everyone reading this letter to contact their local representatives and ask them not to pass the law allowing Mexican carriers full, direct access to U.S. roadways and customers.
September 19, 2007Sleep Apnea Program Cuts Costs for Health Care, Schneider Says
Truckload carrier Schneider National said a sleep apnea screening and treatment program managed by an outside vendor has improved safety and driver productivity while lowering health-care costs.
September 19, 2007Fed Expected to Cut Interest Rate
The Federal Reserve is expected to cut its federal funds interest rate Tuesday for the first time in four years, the Associated Press reported.
September 18, 2007Crude Hits Another Record; Tops $81 Overnight
Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.
September 18, 2007Report Cites Congestion Problems Nationwide
Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 2007Fed Lowers Key Interest Rate to 4.75%
The Federal Reserve Tuesday voted to lower the benchmark U.S. interest rate by half a percentage point to 4.75%, the first reduction in four years.
September 18, 20072Q Driver Turnover Rate Drops
Driver turnover rates for large truckload carriers fell for the first time in a year in the second quarter, American Trucking Associations said Tuesday.
September 18, 2007Navistar Wins $71.5 Mln. Military Contract
Truck and engine maker Navistar International Corp. said its military affiliate, International Military and Government LLC, won a $71.5 million contract from the U.S. Marine Corps to provide parts support for the Corps’ International MaxxPro mine-resistant ambush-protected vehicles.
September 14, 2007