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Business, Safety, Government, Logistics

Scam Artists Hit Brokers, Fleets

Logistics executive Paul Lueck, a 27-year veteran of the transportation business, thought he’d seen it all before the silver-tongued con man from what turned out to be a fictitious Jonesboro, Ark., trucking company came calling last summer.

November 17, 2008
Government, Business, Safety, Fuel

Diesel Hits 14-Month Low

The U.S. average retail diesel price dropped 14.4 cents to $2.944 a gallon last week, falling below $3 for the first time in 14 months, and is expected to drop even further next year, the U.S. Department of Energy said.

November 17, 2008
Business, Safety, Government

Engineering Cited in Minn. Bridge Failure

Last year’s Interstate-35W highway bridge collapse in Minneapolis, the worst such accident in 25 years, was caused by an engineering flaw and the load on its deck, Bloomberg reported, citing U.S. safety investigators.

November 14, 2008
Government, Business, Fuel

SoCal Ports Delaying Clean-Trucks Fee

Larry Smith/Trans Pixs

The ports of Los Angeles and Long Beach, Calif., which were to have begun collecting a “clean trucks fee” Monday, said they will delay the fee collection pending resolution of outstanding regulatory issues.

November 14, 2008
Business, Equipment, Government

October Retail Sales Plunge 2.8%; Drop Is Largest on Record

Retail sales fell 2.8% in October, the biggest drop on record, the Commerce Department said Friday.

November 14, 2008
Business, Safety, Government

Great Dane to Close Georgia Reefer Plant

Great Dane Trailers said it plans to close its refrigerated trailer manufacturing plant in Savannah, Ga., in January, due to the economic downturn’s effect on the transportation industry and the need for more efficient production.

November 14, 2008
Business, Government

Consumer Sentiment Index Remains Near 28-Year Low

U.S. consumer confidence rose slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.

November 14, 2008
Business, Government

Business Inventories Take Largest Drop in Three Years

Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.

November 14, 2008
Business, Government

Import Prices Fall 4.7% in September

The price of goods imported to the United States fell 4.7% in October, the largest drop since recording began in 1992, the Labor Department said Friday.

November 14, 2008
Government, Business, Safety

Post Office Is $2.8 Billion in Red

The United States Postal Service was $2.8 billion in the red in the fiscal year ended in September, the Associated Press reported Thursday.

November 14, 2008

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