Crude oil futures jumped more than $2 a barrel Wednesday to close at $131.03 a barrel, not far off the record closing price, Bloomberg reported.
May 28, 2008BusinessSafety
Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Saturday compared from a year ago, the Association of American Railroads said Thursday.
May 29, 2008Business
Jobless Claims Rise 4,000 for Week
Initial jobless claims rose by 4,000 last week, the Labor Department said Thursday.
May 29, 2008BusinessFuelSafetyGovernment
UPS to Handle DHL’s North America Air Service
UPS Inc. said Wednesday it will provide air transportation in North America for competitor DHL Express, as DHL works to cut costs.
May 28, 2008GovernmentBusinessSafetyFuelTechnology
Letters to the Editor: Ban on Independents, Exporting U.S. Diesel, Ticketing Truckers, Fuel and Emissions
In response to the Los Angeles Port Authority’s looming ban on owner-operators, it never ceases to amaze me that our governmental bodies believe they have autonomous authority over all things.
May 28, 2008FuelBusinessSafetyEquipmentGovernment
Ford, American Axle Plan Job Cuts
Ford Motor Co. plans to lay off up to 12% of its salaried employees by August as part of a restructuring in the face of slumping sales and high fuel prices, the Associated Press reported Wednesday.
May 28, 2008Business
Navistar Sees Record Revenue in ’08
Truck and engine maker Navistar International Corp. said Wednesday that in the first half of this year its revenue will be $6.7 billion to $6.9 billion, and it will have a manufacturing segment profit of $375 million to $425 million.
May 28, 2008FuelBusiness
Diesel Soars 22.6¢ to Record $4.723 a Gallon
Diesel fuel topped its recent big jumps in soaring 22.6 cents to an average $4.723 a gallon nationwide, for a third straight record high, the Department of Energy said Tuesday.
May 28, 2008BusinessTechnologyEquipmentSafety
Williford to Lead Ryder’s Supply Chain Unit
Ryder System said Wednesday it appointed John Williford to serve in the newly created position of president of Ryder's global supply chain solutions unit.
May 28, 2008BusinessGovernment
Durable Goods Orders Fall 0.5%
Durable goods orders fell 0.5% in April, the Commerce Department said Wednesday.
May 28, 2008