Crude oil futures spiked $1.43 to close the week at $73.93 a barrel on the New York Mercantile Exchange, the highest price in almost a year, Bloomberg reported Friday.
July 13, 2007Government, Business, Safety, Fuel, Logistics
Diesel Rises 2¢ to $2.849
The national average price of retail diesel and gasoline both increased last week, the Department of Energy reported, at the same time it was projecting the fuels will continue to climb for the remainder of the summer.
July 16, 2007Government, Business, Safety
Opinion: Fix the Hazmat Endorsement Process Now
The road to the Patriot Act in late 2001 was paved with good intentions. However, like any road built without adequate planning, this one has developed some major potholes.
July 16, 2007Business, Government, Fuel
Crude Oil Closes Week Near $74 a Barrel
Government, Business, Logistics
BAX Sets U.S.-Canada Service
Airfreight company BAX Global and sister company Schenker, a logistics firm, said they are offering a new overnight ground service between the United States and Canada.
July 13, 2007Business, Government
July Consumer Sentiment Index Rises
U.S. consumer confidence rose this month to the highest level since October, according to the University of Michigan’s monthly consumer sentiment index released Friday.
July 13, 2007Business, Government
Business Inventories, Sales Gain
U.S. business inventories rose 0.5% in May as sales rose, the Commerce Department said Friday.
July 13, 2007Business, Logistics
General Freight Launches International Division
Third-party logistics firm General Freight Services said Friday it has launched an international Logistics Division, which will be headed by David Higgs.
July 13, 2007Business, Government
June Retail Sales Fall 0.9%
Retail sales fell 0.9% in June, the Commerce Department said Friday.
July 13, 2007Fuel, Business, Government
Import Prices Rise 1% in June
The price of goods imported to the United States rose for a fifth straight month in June, on higher fuel costs, the Labor Department reported Friday.
July 13, 2007Business, Safety
Rail, Intermodal Levels Fall
Rail carload and intermodal freight fell for the week ended Saturday compared with a year ago, the Association of American Railroads said.
July 13, 2007