Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007BusinessSafetyGovernment
Bill Davis Trucking Files Bankruptcy
Bill Davis Trucking, a truckload carrier based in Batesville, Ark., filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Act late last month.
November 8, 2007BusinessGovernment
Wholesale Inventories Rise 0.8%; Sales Jump 1.3%
Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.
November 7, 2007BusinessSafetyGovernment
House Panel Approves $2 Bln. to Toughen Bridge Inspection Standards
WASHINGTON 鈥 The House Transportation and Infrastructure Committee last week approved a $2 billion plan to toughen bridge inspection standards and limit states鈥 ability to spend federal bridge funds on other projects.
November 7, 2007BusinessSafetyGovernmentLogistics
Mullen鈥檚 Third-Quarter Income Gains
Canadian transportation firm Mullen Group Income Fund鈥檚 third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.
November 7, 2007BusinessSafetyGovernmentLogistics
Pacer鈥檚 President Steps Down; Orris to Take Intermodal Post
Transportation and logistics firm Pacer International said Wednesday that its president, Tom Shurstad, is leaving the company and that its retired chief executive officer, Don Orris, will become president of its intermodal segment.
November 7, 2007GovernmentBusinessSafety
Third-Quarter Productivity Jumps 4.9%
U.S. worker productivity rose at an annual rate of 4.9% in the third quarter, the most in four years, the Labor Department said Wednesday.
November 7, 2007BusinessSafetyGovernment
Opinion: Active Surveillance Can Be Tricky
Many carriers are still using those 鈥淗ow鈥檚 my driving?鈥 decals featuring an 800 number the public can call to report a driver they consider unsafe.
November 6, 2007GovernmentBusinessSafetyFuel
Diesel Soars 14.6垄 to Record $3.303; Gas Jumps Over $3
Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week鈥檚 record to $3.303 a gallon, the Department of Energy said.
November 6, 2007GovernmentBusinessSafetyTechnologyEquipment
Qualcomm System to Track Trucks in Cross-Border Program
The Federal Motor Carrier Safety Administration said Monday that that starting later this month, trucks crossing the U.S.-Mexico border as part of a new demonstration program will use satellite-based technology developed by Qualcomm Inc. to track trucks.
November 5, 2007