Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible 鈥減rolonged and severe economic downturn,鈥 when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008Search
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Cummins Begins Production at Chinese Fuel Systems Plant
Diesel engine maker Cummins Inc. said Tuesday it opened its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan plant, in China.
April 8, 2008Editorial: Picking an Engine Technology
As we move closer to the next federal mandate on emissions 鈥 which comes into force for 2010-model heavy-duty trucks 鈥 proponents of the two competing technologies are beginning to publicly argue over the superiority of their choices.
April 7, 2008Volvo Says Engines Can Meet Idling Rule
Volvo Trucks North America said its heavy-duty engines can now be equipped with an option to meet California鈥檚 anti-idling restrictions.
April 7, 2008Gasoline Price Jumps 5垄 to $3.32, Lundberg Says
The average pump price of regular gasoline rose 5 cents in the past two weeks to $3.32 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 7, 2008BNSF Idles Freight Cars Due to Downturn
Freight railroad BNSF Railway Co. is parking miles of rail cars in some parts of the country because there is not enough freight to keep them moving, the Associated Press reported Monday.
April 7, 2008N.Y. State Assembly Rejects NYC鈥檚 Congestion-Fee Plan
The New York State Assembly decided not to vote on New York City鈥檚 proposal to charge cars and trucks fees upon entering central Manhattan, Bloomberg reported.
April 8, 2008Diesel Dips 0.9垄 to $3.955; Gas Rises to Record $3.332
The national average pump price of diesel fuel dipped 0.9 cent to $3.955 a gallon, while gasoline rose to a second straight record, the Department of Energy said Monday.
April 8, 2008Teamsters Ratify 5-Year Contract with UPS Freight
The Teamsters union and UPS Inc. said Monday that Teamsters members had overwhelmingly ratified their first national contract at UPS Freight, the less-than-truckload unit of UPS Inc.
April 8, 2008Biodiesel Quality Improves, But Concerns Remain
The Department of Energy this week released the results of its 2007 biodiesel quality survey that showed improvements in biodiesel quality, but said 10% of the biodiesel produced in the United States still fails to meet certain quality specifications.
April 4, 2008