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, 2008GovernmentBusinessSafetyLogistics
Canadian Provinces Nearing Accord on Speed Limiters, OTA Says
The Ontario Trucking Association said that a joint meeting this week of the Ontario and Quebec government cabinets moved them closer to accord on trucking issues such as implementing speed limiter legislation and allowing for longer combination vehicles.
June 4, 2008FuelBusinessSafetyGovernment
GM Closing Four North American Plants
General Motors Corp. is closing four North American truck and sport utility vehicle plants, in light of high fuel prices that are pushing consumers to smaller vehicles, the Associated Press reported Tuesday.
June 3, 2008FuelBusinessGovernment
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, 2008GovernmentBusinessSafety
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, 2008BusinessEquipment
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, 2008BusinessGovernment
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, 2008BusinessSafetyGovernment
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, 2008