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Government, Business

Housing Starts Jump 8.2% in April

New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.

May 16, 2008
Business, Government, Logistics

Ontario-U.S. Truck Border Crossings Decline

Larry Smith/Trans Pixs

Truck crossings from the Canadian province of Ontario into the United States have fallen 5.6% in 2008 compared with the same period last year, the Ontario Trucking Association said Thursday.

May 15, 2008
Business, Government

Philadelphia Manufacturing Index Improves

Manufacturing levels in the Philadelphia region improved this month, but continued to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.

May 15, 2008
Business, Government

New York Manufacturing Index Declines

Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.

May 15, 2008
Business, Safety, Government

DOT Freight Transport Index Drops 0.4% in March

Tom Biery/Trans Pixs

The Department of Transportation’s freight transportation services index fell 0.4% in March from the same month last year, DOT said Wednesday.

May 14, 2008
Business, Fuel, Government

Oil Price Falls Following DOE Report

Gulf of Mexico Platform — Bill Lang/Trans Pixs

Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve, Bloomberg reported.

May 14, 2008
Business, Government

Oregon Police Ride in Trucks to Nab Unsafe Drivers

Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don’t leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site.

May 14, 2008
Government, Business, Safety

Deutsche Post’s 1Q Profit Drops

TT File Photo

Deutsche Post said Wednesday its first-quarter profit fell 18% on a writedown of a German unit and slowing U.S. economic growth that hurt its U.S. DHL division, Bloomberg reported.

May 14, 2008
Business, Government

CPI Rises 0.2% in April

The consumer price index rose 0.2% in April, the Labor Department said Wednesday.

May 14, 2008
Business, Safety, Equipment, Government

ArvinMeritor Sets Commodity Surcharge

Auto and truck component maker ArvinMeritor Inc. said late Tuesday it will institute a monthly surcharge for components due to rising materials prices.

May 14, 2008