Crude oil futures fell for a third straight day Tuesday, slipping briefly below $100 a barrel before closing at $100.98 on the New York Mercantile Exchange, Bloomberg reported.
April 1, 2008Business, Government
Bernanke Warns of Possible Recession
Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may contract in the first half of this year, saying a recession was possible, the Associated Press reported.
April 2, 2008Government
Factory Orders Fall 1.3% in February
Factory orders fell 1.3% in February, the Commerce Department said Wednesday.
April 2, 2008Business, Government
Congress Grills Oil Executives on High Prices
A congressional panel questioned the huge profits of oil companies, as prices soared to records, the Washington Post reported Wednesday.
April 2, 2008Government, Business, Safety
Road Safe America Backs ATA in Call for Speed Governors
Safety advocacy group Road Safe America said it supports an effort by American Trucking Associations in urging the federal government to order the use of speed governors on heavy-duty trucks.
April 2, 2008Business, Government, Fuel
Oil Price Declines for Third Day
Government, Business, Safety
NYC Council Passes Congestion-Fee Measure
The New York City Council approved a proposal to charge drivers “congestion fees†in central Manhattan for the busiest times of the day, the New York Times reported Tuesday.
April 1, 2008Government, Business, Safety, Fuel
Truckers Stage Some Slowdowns Over Diesel Prices
Truckers slowed to as low as 20 miles per hour on the New Jersey Turnpike on Tuesday, clogging the roadway as part of a nationwide protest against surging diesel fuel prices, Bloomberg reported.
April 1, 2008Business, Fuel, Safety, Government
Estes Becomes TSA-Security Compliant for Air Cargo
Less-than-truckload carrier Estes Express Lines, Richmond, Va., said Monday it has become one of the first major LTL carriers to become Security Compliant with the Transportation Security Administration.
April 1, 2008Business, Safety, Government
Wash. State to Close Lanes on I-5 Near Bellingham
A stretch of Interstate 5 near Bellingham, Wash., will be reduced to as low as one lane on weeknights starting this week, and on weekends later this month, the Washington State Department of Transportation advised.
April 1, 2008Business, Logistics, Fuel, Government
Diesel Declines 2.5¢ to $3.964; Gasoline Climbs to Record $3.29
Diesel’s national average pump price saw its first decline in two months, falling 2.5 cents Monday to $3.964 a gallon, the Department of Energy reported.
April 1, 2008