Oil declined $1.50 to below $77 a barrel following a Department of Energy report that showed crude inventories rose by 2 million barrels last week, Bloomberg reported.
June 23, 2010Search
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New Approach to Trailer Aerodynamics Increases Fuel Economy, SmartTruck Says
SmartTruck, a company founded by aerospace engineers, has received approval from the U.S. Environmental Protection Agency for trailer attachments that it said could improve over-the-road fuel efficiency by up to 11% and that it soon would begin manufacturing them.
June 23, 2010Fed Again Holds Interest Rate at Record Low
For the 13th straight time, the Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range†of zero to 0.25%.
June 23, 2010Existing °®¶¹´«Ã½ Sales Fall in May
Sales of existing home fell 2.2% in May, the National Association of Realtors said Tuesday.
June 22, 2010Wabash Begins Production on 350 Reefers for Frozen Food Express
Trailer maker Wabash National Corp. said it has begun production on 350 new refrigerated van trailers for Frozen Food Express Industries, to be completed by September.
June 22, 2010‘Tax Holiday’ Seen Helping Port of Los Angeles, Officials Say
A proposal that new companies locating in Los Angeles be given a three-year exemption from paying the city business tax would be a “shot in the arm†for the Port of Los Angeles and the harbor community, port officials said.
June 22, 2010Senate Bill Targets Employee Misclassification
A Senate bill that supporters said would make it easier for federal regulators to catch employers who misclassify their employees as independent contractors also would help ensure a “level playing field in the marketplace,†a top official with the Department of Labor told a Senate panel.
June 22, 2010Obama Touts 10,000th Infrastructure Project
President Obama touted the 10,000th road project funded by last year’s American Recovery and Reinvestment Act at an event Thursday in Columbus, Ohio.
June 22, 2010N.Y. Lawmakers Propose State Version of ‘Jason’s Law’
A bill in the New York State Legislature would create a system of loans and tax incentives for businesses willing to build safe parking facilities for truck drivers.
June 22, 2010NFI Buys Ontario Logistics Firm
Trucking and supply chain firm NFIÂ Industries said Tuesday it has acquired IPD, a global transportation and logistics company based in Mississauga, Ontario, Canada.
June 22, 2010