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Rep. Ray LaHood Is Obama’s Choice for DOT Secretary

President-elect Barack Obama is set to name retiring Illinois Republican Rep. Ray LaHood as his transportation secretary, several news outlets reported.

December 18, 2008

FMCSA Sets Intermodal Chassis ‘Roadability’ Rule

The Federal Motor Carrier Safety Administration Wednesday issued a new rule that it said will “significantly strengthen safety requirements†for intermodal container chassis.

December 17, 2008

Housing Starts Plunge 18.9% to Record Low

New housing starts plunged 18.9% in November to the lowest level on record, the Commerce Department said Tuesday.

December 16, 2008

CPI Falls by Record 1.7% in November

Consumer prices fell in November by a record 1.7%, led by steep declines in energy, the Labor Department said Tuesday.

December 16, 2008

Fed Cuts Rate to Record Low ‘Target Range’ of Zero to 0.25%

The Federal Reserve Tuesday cut the key U.S. interest rate to a “target range†of zero to 0.25%, a record low.

December 16, 2008

EPA to Require Sensors For Emissions in 2010

The U.S. Environmental Protection Agency has issued its final rule requiring heavy-truck manufacturers to install onboard diagnostic systems starting in 2010 to alert drivers when engine emission systems are malfunctioning or deteriorating.

December 15, 2008

New York Manufacturing Index Reaches All-Time Low

Manufacturing growth in New York state continued to show contraction this month, hitting the lowest level on record, the Federal Reserve Bank of New York said Monday.

December 15, 2008

Calif. Sets Strict Diesel Emissions Rule

The California Air Resources Board Friday adopted the strictest diesel emission standards in the nation, requiring expensive diesel particulate filters on rigs on a timetable, over objections the rule could hurt or shut down smaller trucking companies, the Associated Press reported.

December 15, 2008

UPS Speeds Some LTL Shipments

UPS Freight said Monday it has set faster less-than-truckload shipping times between central Illinois and points throughout the country.

December 15, 2008

Diesel Falls 9.3¢ to $2.422

Diesel fuel’s national average price fell 9.3 cents to $2.422 a gallon, while gasoline’s decline slowed, the Energy Department said Monday.

December 16, 2008