Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.
September 2, 2008Search
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FedEx Express Upgrades Europe-U.S. Service
FedEx Express said Monday it has upgraded its next-business-day delivery service, FedEx International Priority, from Europe to major U.S. East Coast cities.
September 2, 2008MHF Holdings Launches Drayage Firm
MHF Holdings Co. said it will expand its Jacksonville, Fla., operations with the launch of MHF Trucking & Drayage.
September 2, 2008Wright Express Completes International Acquisition
Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.
September 2, 2008Kenworth Offers Synthetic Axle Lube as Standard
Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.
September 2, 2008iTECH — Driver Monitoring: Parsing the Cost of Behavior Modification
Camera-based driver monitoring costs $400 to $1,000 per device, plus monthly monitoring fees of $20 to $40 per vehicle, according to vendor reports.
September 2, 2008Forward Air to Acquire Service Express
Forward Air Corp. said Monday its wholly owned subsidiary, Forward Air Solutions Inc., has entered into an agreement to acquire certain assets of Service Express, a privately held provider of pool distribution and related services headquartered in Spartanburg, S.C.
September 2, 2008Diesel Slips 2.4¢ to $4.121
Despite Hurricane Gustav blowing through the Gulf of Mexico over the weekend, diesel fuel’s national average price fell 2.4 cents to $4.121 a gallon in a seventh straight decline, the Energy Department said Tuesday.
September 3, 2008IdleAire Re-Forms with New Ownership
IdleAire Inc., comprised of six investment management companies, said Monday it now owns essentially all of the bankrupt IdleAire Technologies Corp.’s assets with the official closing late Friday on their successful $17.5 million bid submitted earlier this year.
September 2, 2008Consumer Confidence Improves in August
U.S. consumer confidence improved in August, according to the latest Reuters/University of Michigan monthly consumer sentiment index, released Friday.
August 29, 2008