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Business

Automakers Fail in Bid for Federal Bailout

U.S. automakers left Washington Thursday with no pledge for aid from federal lawmakers to help their plans to return to profitability, the Wall Street Journal reported Friday.

November 21, 2008
Business, Safety

Rail, Intermodal Traffic Fall for Week

Tom Biery/Trans Pixs

Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said.

November 21, 2008
Government, Business, Fuel

Oil Drops Below $50 a Barrel

Larry Smith/Trans Pixs

Oil fell below $50 a barrel for the first time in almost two years, as recession in the United States, Europe and Japan cut global energy demand, Bloomberg reported Thursday.

November 20, 2008
Business, Government

Philadelphia Manufacturing Index Shrinks

Manufacturing levels in the Philadelphia region contracted this month at the fastest pace in 18 years, the Federal Reserve Bank of Philadelphia said Thursday.

November 20, 2008
Government, Business

Leading Economic Indicators Fall 0.8%

An index of leading economic indicators declined in October for the third time in four months, the New York-based Conference Board said Thursday.

November 20, 2008
Business

Jobless Claims Continue to Climb

First-time unemployment claims rose to the highest level in 16 years last week, the Labor Department said Thursday.

November 20, 2008
Business, Safety, Government

Highway Trust Fund Declines by $3 Billion, DOT Says

Susan Goldman/Bloomberg News

The federal highway trust fund took in $3 billion less in fiscal year 2008, as Americans drove 90 billion miles fewer miles over an 11-month period compared with a year ago, the Department of Transportation said late Wednesday.

November 19, 2008
Business, Government, Safety

Opinion: Factoring Helps, Not Hurts, Trucking Industry

This is a response to the article “Cash-Strapped Carriers Resort to Quick Pay Plans, Factoring” (10-13, p. 55). I would like to set the story straight.

November 19, 2008
Business

Fed Minutes Show Concern Over Economy, Unemployment

The Federal Reserve Wednesday sharply lowered its projections for the economy this year and into 2009, and signaled that additional interest rate reductions may be needed to help ease the country’s ongoing financial crisis, the Associated Press reported.

November 19, 2008
Business, Safety, Government

NAFTA Trade Rose 4.5% in 2007

Larry Smith/Trans Pixs

Trade among the United States, Canada and Mexico set a record in gaining 4.5% in 2007 from a year earlier, the Department of Transportation said Wednesday.

November 19, 2008

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