Oil closed Wednesday at a record high price of $110.87 a barrel, after earlier topping $112 for the first time in intraday trading, the Associated Press reported.
April 9, 2008BusinessGovernment
Roadway Launches Expedited Ocean Service from China
YRC Worldwide unit Roadway has launched an expedited ocean service from China to the United States, the company said.
April 10, 2008Business
MAN Will Not Have to Seek All of Scania’s Shares
German truck maker MAN AG is not obligated to offer to buy all the shares of Swedish rival Scania AB’s shares, even as MAN has ownership ties with Volkswagen AG, Bloomberg reported.
April 10, 2008BusinessSafetyGovernment
DOT Transport Index Rises 2.7%
The Department of Transportation’s freight transportation services index for February rose 2.7% from a year earlier, DOT said Wednesday.
April 9, 2008Business
UPS Lowers 1Q Outlook on Sluggish Economy
UPS Inc. reduced its first-quarter earnings estimate because domestic shipments are slowing as the U.S. economy weakens.
April 9, 2008BusinessSafetyGovernmentFuel
Letters to the Editor: Driver Training; Crashes, Cell Phones; Fuel Prices
As I understand the new driver-training rules, they indicate that a company cannot hire drivers if that company has a school for training those drivers. This is in conflict with every training institution in the country — if not the world.
April 9, 2008BusinessSafetyGovernment
Opinion: Costly, Ineffective New Federal Training Rules
Safety is the paramount goal of every motor carrier. From intensive driver training to using the finest technology available, the trucking industry strives to uphold the highest safety standards while ensuring the smooth and steady flow of cargo on our nation’s highways.
April 9, 2008BusinessGovernment
Daimler’s Earnings to Rise on Growth in Russia, China
Daimler AG said Wednesday its sales and profit will rise this year on higher demand from emerging economies such as Russia and China, outweighing a weaker U.S. economy, Bloomberg reported.
April 9, 2008Business
Freightliner to Cut Work Force at N.C. Plant
Freightliner Trucks plans to lay off about 1,500 workers at a North Carolina truck plant, the Charlotte Observer reported.
April 9, 2008