Fed Minutes Cite Concern Over Economic Contraction
Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible “prolonged and severe economic downturn,” when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
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, 2008Study Aims to Find Best Ways to Remove Snow From Trucks
The American Transportation Research Institute has initiated a study of the costs and benefits of removing snow and ice from the tops of tractor-trailers.
April 8, 2008U.S. Automakers Planning More Exports, Journal Says
U.S. automakers have set goals of exporting more American cars, following new labor agreements and a weaker U.S. dollar, the Wall Street Journal reported Tuesday.
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, 2008Prime Inc. to Buy 1,900 Trailers from Wabash National
Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.
April 8, 2008Quality Distribution Alters Liability Coverage
Bulk and tanker carrier Quality Distribution Inc., Jacksonville, Fla., said it purchased an insurance policy to cover all accident liability claims between $2 million and $5 million.
April 7, 2008ISM Contraction May Indicate Trucking Upturn, Analyst Says
Last week’s Institute of Supply Management report that showed continued contraction may actually be good for the trucking industry’s outlook, according to an industry analyst, the Associated Press reported.
April 7, 2008Norfolk Southern to Take 1Q Charge on Accident Settlement
Eastern freight rail line Norfolk Southern Corp. said Monday it will take a first-quarter charge of 2 cents per share, related to settlement of an accident claim.
April 7, 2008Editorial: Picking an Engine Technology
As we move closer to the next federal mandate on emissions — which comes into force for 2010-model heavy-duty trucks — proponents of the two competing technologies are beginning to publicly argue over the superiority of their choices.
April 7, 2008