Three institutional investors have put $15.5 million in financing into Innovation Fuels, an Albany, N.Y., company that makes and distributes biodiesel fuel worldwide, financial firm Credit Suisse said Tuesday.
June 3, 2008Fuel, Business
Biodiesel Firm Secures $15.5 Million Investment
Fuel, Business, Government
Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976
The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.
June 3, 2008Business
FedEx Renaming Kinko’s as FedEx Office
FedEx Corp. said late Monday it will change the name of its office and business services unit, FedEx Kinko’s, to FedEx Office.
June 2, 2008Business
FMCSA Awards $1 Million in CDL Education Grants
The Federal Motor Carrier Safety Administration said Monday it has awarded a total $1 million in grants to nine technical and community colleges to enhance safety curricula and behind-the-wheel training courses for students enrolled in commercial driver’s license training programs.
June 2, 2008Government, Business, Safety
DOT Seeks Proposals to Fight Border Congestion
The Department of Transportation said Monday it is requesting proposals for innovative new approaches to reduce traffic tie-ups at some of the nation’s most congested border crossings.
June 2, 2008Business, Equipment
Cummins Plans Layoffs at Indiana Pickup-Engine Plant
Diesel engine maker Cummins Inc. plans to temporarily lay off 125 workers from its midrange engine plant in Indiana because of declining pickup truck demand, the Associated Press reported Monday.
June 2, 2008Business, Government
UPS Freight Extends Guarantee to Canada
UPS Freight, which introduced its on-time performance guarantee in the United States in January, said Monday it has expanded the guarantee to shipments moving in both directions across the Canada-U.S. border.
June 2, 2008Business, Safety, Government
ISM Factory Index Improves, But Still Shows Contraction
U.S. manufacturing levels improved in May but continued to show contraction, the Institute for Supply Management said Monday.
June 2, 2008Government, Business
Construction Spending Falls for Second Straight Month
Construction spending fell for a second straight month in April, the Commerce Department said Monday.
June 2, 2008Business, Safety, Government, Technology, Equipment
U.S. Xpress Completes Pinner Purchase
Truckload carrier U.S. Xpress Enterprises said its Xpress Global Systems subsidiary finalized its purchase of Pinner Transportation. Terms were not released.
June 2, 2008