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DOT’s Peters Disavows Commission’s Proposals

WASHINGTON — A congressional report calling for a huge new federal investment in transportation infrastructure financed by hefty tax increases brought sharp opposition from Republicans, including Transportation Secretary Mary Peters, who led the commission.

January 21, 2008

Diesel Drops 5.6¢ to $3.27

The average national price of diesel fuel fell for a second straight week, dropping 5.6 cents to $3.27 a gallon, the Department of Energy said Tuesday.

January 22, 2008

Leading Economic Indicators Decline 0.2%

An index of leading economic indicators fell 0.2% last month, the New York-based Conference Board said Friday.

January 18, 2008

TTNews.com to Close Monday for MLK Holiday

TTNews.com will be closed Monday for the Martin Luther King Jr. Day holiday. Please check back on Tuesday, Jan. 22, for the latest trucking and freight transportation news.

January 18, 2007

January Michigan Sentiment Index Improves

U.S. consumer confidence rose this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.

January 18, 2008

Fed ‘Beige Book’ Cites Softer Freight Volumes

Economic activity increased modestly from of mid-November through early January, although demand for transportation services was generally weak, the Federal Reserve said.

January 17, 2008

Housing Starts Plunge 14% in December

Housing starts plunged 14% in December to the lowest level in 17 years, the Commerce Department said Thursday.

January 17, 2008

CPI Rises 0.3% in December; Jumps 4.1% for 2007

The consumer price index rose 0.3% in December and the CPI for the full year was 4.1%, the highest level since 1990, the Labor Department said Wednesday.

January 16, 2008

Missouri Closes I-64 for Construction Project

The Missouri Department of Transportation shut down Interstate 64 on Jan. 2 and began the largest construction project in the agency’s history, the Associated Press reported.

January 14, 2008