The House overwhelmingly approved legislation that would allow Justice to sue OPEC members for limiting oil supplies and setting prices, but the White House threatened a veto, Reuters reported.
May 20, 2008Government, Business
House Passes Bill Allowing OPEC Suit
Fuel, Business, Government
Diesel Jumps 16.6¢ to $4.497
The average price of diesel fuel jumped another 16.6 cents to a record $4.497 a gallon, the Energy Department said Monday.
May 20, 2008Government, Business, Fuel
Crude Tops $129; Bush Signs SPR Bill Into Law
Oil prices rose to a new record high Tuesday, moving past $129 a barrel for the first time in intraday trading, the Associated Press reported.
May 20, 2008Business, Safety, Government
No Correlation Between Safety, Length of Training, ATRI Says
A study conducted by the American Transportation Research Institute found there is no correlation between the length of a training program and safety performance.
May 20, 2008Business
Velocity Express Reports Fiscal 3Q Loss
Velocity Express Corp. said Tuesday it lost $10.6 million, or $3.78 a share, in its fiscal third quarter, compared with a loss of $13.3 million, or $7.32, a year earlier.
May 20, 2008Government, Business, Safety, Technology, Equipment
IdleAire Files Chapter 11; Stations to Remain Open
IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has filed for Chapter 11 bankruptcy, but its facilities will remain open to truckers, the company said Friday.
May 19, 2008Government, Business, Safety, Fuel
EPA Reversed Position on California Emissions Request, Papers Show
Environmental Protection Agency Administrator Stephen Johnson backed letting California set auto emissions rules stricter than federal standards before consulting with the White House, according to a congressional panel, Bloomberg reported Monday.
May 19, 2008Fuel, Business, Logistics, Government
Editorial: A Fueling Alternative
Retail fuel prices skyrocketed again last week, with diesel jumping 18.2 cents a gallon to a national average of $4.331, the biggest one-week increase since October 2005 and more than 15 cents more than the last record.
May 19, 2008Fuel, Business, Safety, Government
Jevic Transportation Folds, Citing High Fuel Costs
Truckload and less-than-truckload carrier Jevic Transportation said Monday it is discontinuing operations, due to soaring fuel costs and a weak economy.
May 19, 2008Business
Group Bids $12.8 Billion for Pennsylvania Turnpike Lease
A team of private interests Monday submitted the highest bid of $12.8 billion to lease the Pennsylvania Turnpike for 75 years, the Associated Press reported.
May 19, 2008