Oil fell more than $1 to below $79 a barrel early Wednesday following a report that showed crude inventories improved last week, Bloomberg reported.
October 28, 2009GovernmentBusiness
Senate Committee Approves Ferro to Head FMCSA
A Senate panel Tuesday approved the nomination of Anne Ferro, President Obama’s nominee to head the Federal Motor Carrier Safety Administration.
October 28, 2009Business
S.F. Bay Bridge Closed Following Repair Failure
San Francisco’s Bay Bridge to Oakland, Calif., is closed “indefinitely” following failure of repair work done that was done on Labor Day weekend, news services reported Wednesday.
October 28, 2009Business
Wabco’s Third-Quarter Profit Falls
Wabco Holdings said Wednesday its net income in the third quarter fell to $33.8 million, or 52 cents a share, from $63.7 million, or 97 cents, a year ago.
October 28, 2009BusinessGovernment
New °®¶ą´«Ă˝ Sales Fall for September
New home sales fell 3.6% in September, the Commerce Department said Wednesday.
October 28, 2009BusinessLogistics
Norfolk Southern’s 3Q Profit Drops 41%
Norfolk Southern Corp. reported that its third-quarter profit fell 41% from a year ago.
October 28, 2009BusinessGovernment
Durable Goods Orders Rise for Fourth Time in Six Months
Durable goods orders rose in September for the fourth time in six months, the Commerce Department said Wednesday.
October 28, 2009GovernmentBusinessSafety
DOT Sets Safety Council
Secretary Ray LaHood said Monday the Department of Transportation was creating a safety council to address a “critical” safety issues facing DOT’s 10 modal agencies.
October 27, 2009GovernmentBusiness
Border Flow Needs Improvement, Trucking Official Testifies
Congress must find more ways to allow motor carriers considered a “low security” risk to pass more quickly through the 160 U.S. border checkpoints with Mexico and Canada, a trucking official said last week.
October 27, 2009Business
Daimler Reports Its First Quarterly Profit in a Year
Daimler AG Tuesday reported its first quarterly profit in a year, saying it earned about $61 million, or 4 cents a share, in the third quarter, down from about $200 million, or 21 cents, a year ago
October 27, 2009