Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Business
U.S. Vehicle Miles Traveled Fell 1.2% in March
U.S. motorists drove 1.2% fewer miles in March than a year earlier, the Federal Highway Administration said Wednesday.
May 20, 2009Business, Safety
Memorial Day Driving to Increase, AAA Says
Reversing the recent trend of declining holiday travel, 1.5% more Americans will travel more than 50 miles from home during Memorial Day weekend than did last year, the motorist group AAA estimated.
May 20, 2009Business, Fuel, Government
Oil Pushes Past $62 a Barrel to Six-Month High
Business
SoCal Port Sets Funds for New Trucks, Retrofits
The Port of Long Beach, Calif., said it is making funds available to truckers who want to retrofit older trucks or buy new trucks.
May 20, 2009Business, Logistics
C.R. England Adds myLogistics Software
C.R. England said that it has implemented myLogistics software in its dedicated division, giving the logistics company better ability to bid for contracts, among other features.
May 20, 2009Business, Logistics
Radiant Logistics to Buy Back Stock
Radiant Logistics said that it will repurchase up to 5 million shares of its common stock through 2010.
May 20, 2009Government, Business, Safety
ATA Files Appeal in SoCal Ports Case
American Trucking Associations has filed an appeal with the Ninth Circuit Court of Appeals, claiming that a lower court did not follow the circuit court's directions in granting an injunction in its continuing fight with the ports of Los Angeles and Long Beach, the Long Beach Press-Telegram reported.
May 19, 2009Business, Safety, Government
Opinion: Freight Broker Liability
Against the backdrop of a recent multimillion-dollar verdict against one of the world’s largest freight brokers, now is a good time for freight brokers across this country to review their procedures to reduce exposure to similar liability.
May 19, 2009Government, Business, Safety, Fuel
Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration’s comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a “clean energy” economy, the Associated Press reported.
May 19, 2009Fuel, Business, Logistics, Government
Diesel Rises 1.5¢ to $2.231; Gas Gains 6.9¢
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009