Oil rose more than $2 Wednesday to close above $56 a barrel — the highest price in almost six months — following an Energy Department report that showed a smaller-than-expected increase in stockpiles, Bloomberg reported.
May 6, 2009Business, Fuel, Government
Oil Closes at 6-Month High Over $56 a Barrel
Business, Safety, Government
Patriot Transportation’s Fiscal 2Q Income Rises
Tank and bulk carrier Patriot Transportation Holding said Wednesday its fiscal second-quarter net income rose to $1.4 million, or 45 cents a share, from $626,000, or 20 cents, a year ago.
May 6, 2009Government, Business, Equipment
ArvinMeritor Reports Fiscal 2Q Loss
Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Government, Business, Logistics
UPS Boosting Asian Operations Centers
UPS Inc. announced plans Tuesday to boost its global post-sales service options by expanding a field stocking location network in India and enhancing its Asia logistics customer support center in the Philippines.
May 5, 2009Business, Safety, Government
ISM Services Index Improves in April
The U.S. economy’s service sector rate of contraction slowed last month, the Institute for Supply Management said Tuesday.
May 5, 2009Fuel, Business, Logistics, Government
Diesel Falls 1.6¢ to $2.185
The national average price of diesel fuel fell for a third consecutive week, dropping 1.6 cents to $2.185, the Department of Energy said.
May 5, 2009Business, Fuel, Government
Minn.’s 5% Biodiesel Mandate Takes Effect
Minnesota has implemented its requirement mandating that all diesel sold in the state contain at least 5% biodiesel, the Associated Press reported.
May 5, 2009Government, Business
Construction Spending Increases 0.3%
Construction spending rose in March for the first time in six months, the Commerce Department said Monday.
May 4, 2009Government, Business, Safety
EPA Faces Question on Ethanol’s Effects
The Environmental Protection Agency is close to proposing standards for ethanol use, but officials face a question on whether or not ethanol’s indirect effects on the environment should be considered in the rule-making process, the Associated Press reported Sunday.
May 4, 2009Business, Safety, Government
Xata Narrows Loss in 2Q
Transportation software firm Xata Corp. said Monday it lost $443,000, or 5 cents per share, in its fiscal second quarter, compared with a loss of $1.3 million, or 17 cents, a year ago.
May 4, 2009