About Business News...
Business, Safety, Government

ISM Services Index Falls to Record Low

The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.

December 3, 2008
Government, Business, Safety

Productivity Rises More Than Forecast

Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.

December 3, 2008
Business, Government

ABF Cites Union Contract Concerns

Larry Smith/Trans Pixs

Arkansas Best Corp. may seek to amend its labor contract with the Teamsters union following the union’s tentative agreement to make contract changes to help reduce costs at less-than-truckload carrier YRC Worldwide, Bloomberg reported.

December 3, 2008
Business, Fuel, Logistics

BNSF Postpones Fuel Surcharge Increases

Tom Biery/Trans Pixs

Freight railroad BNSF Railway Co. said Tuesday it is postponing fuel surcharge increases that were scheduled to take place in January and February “due to current volatility in the fuel markets.”

December 2, 2008
Fuel, Business, Logistics, Government

Diesel’s Decline Slows; Fuel Falls 4.9¢ to $2.615

Susan Goldman/Bloomberg News

Diesel fuel’s national average price continued its downward trend but slowed its rate of decline, falling 4.9 cents to $2.615 a gallon, the Department of Energy said.

December 2, 2008
Government, Business, Safety

FMCSA Sets Stronger Medical Requirements for Drivers

The Federal Motor Carrier Safety Administration has finalized a streamlined process for combining the commercial driver’s license and medical certificate records for commercial truck and bus drivers.

December 2, 2008
Business, Safety, Government, Logistics

U.S. Economy Has Been in Recession a Year, Business Group Says

The U.S. economy has been in a recession for the past year, the Associated Press reported Monday, citing a report by the National Bureau of Economic Research.

December 1, 2008
Business, Safety, Government, Equipment, Technology

Meritor WABCO Debuts System for Automatic Truck Braking

ATLANTA — Meritor WABCO demonstrated its new automatic braking system for heavy-duty trucks that is integrated with its anti-lock braking and stability control systems. Executives said the system can cut accident rates, especially rear-end collisions, which account for nearly 20% of all truck-involved crashes.

December 1, 2008
Business, Fuel

EPA Sets 2009 Renewable Fuels Standard

The Environmental Protection Agency set its renewable fuels standard at 10.21% for 2009.

December 1, 2008
Business, Logistics, Government

CTA Asks For Environmental Technology Exceptions

The Canadian Trucking Alliance called on provincial governments to act swiftly to make regulations to allow weight and length considerations for technologies associated with CTA's enviroTruck program.

December 1, 2008