Crude oil prices fell almost $6 a barrel Wednesday following a Department of Energy report that showed crude oil inventories rose last week, Bloomberg reported.
March 19, 2008Fuel, Business
Werner Warns on 1Q Earnings Due to Sluggish Demand, Fuel Costs
Truckload carrier Werner Enterprises said Wednesday it expects its first-quarter earnings to fall substantially below last year’s, the Associated Press reported.
March 19, 2008Business, Fuel, Government
Oil Prices Take Biggest Drop Since August
Business
Trucking Gains in Stock Surge
Trucking stocks rose Tuesday along with the Dow Jones industrial average, which soared 420 points, its biggest one-day point gain in more than five years, the Associated Press reported.
March 18, 2008Business
Fed Cuts Key Interest Rate to 2.25%
The Federal Reserve Tuesday cut the key U.S. interest rate by three-quarters of a point, to 2.25%.
March 18, 2008Business, Fuel, Safety, Government
Forward Air Corp. Completes Acquisition
Forward Air Corp. said Tuesday it closed a deal, first announced last week, to buy transportation firm Pinch Holdings and a related company, AFTCO Enterprises, for an undisclosed sum.
March 18, 2008Business
NTSB Says Weight Was on Weak Points of Minneapolis I-35W Bridge
More than 191 tons of construction material was piled over the weakest areas of the Interstate 35W bridge in Minneapolis shortly before it collapsed into the Mississippi River last August, according to an ongoing federal investigation, the Associated Press reported Tuesday.
March 18, 2008Fuel, Business, Logistics
Diesel Jumps 15.5¢ to Record $3.974 a Gallon
Diesel fuel’s national average jumped another 15.5 cents Monday, to $3.974 a gallon, for its fourth straight record high, the Department of Energy said Monday.
March 18, 2008Business
Navistar Says Military Orders Boosting Business
Navistar International Corp. said Tuesday its first-quarter results reflect “soft market†as shipments of trucks and buses fell 37% from a year ago, but said military orders were increasing.
March 18, 2008Business, Safety, Government, Technology, Equipment
Illinois to Pay $1.2 Million for Rest Stop Security Upgrades
The Illinois Department of Transportation will spend $1.2 million to update and repair security systems at interstate rest stops, the Associated Press reported Monday.
March 18, 2008Business, Government, Equipment, Technology
FleetPride Buys Wyo. Operations of Truck & Industrial Supply Co.
Heavy-duty truck and trailer parts aftermarket distributor FleetPride Inc. said it finalized the acquisition of certain assets of Truck & Industrial Supply Co.
March 18, 2008