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U.S. Trade Deficit Jumps 7.8% on Energy Costs

The U.S. trade deficit grew 7.8% in April to the highest level in more than a year, on surging energy costs, the Commerce Department said Tuesday.

June 10, 2008

I-5 Bridge Plan Approved in Oregon

The regional government of the Portland, Ore., area is backing a new Interstate 5 bridge over the Columbia River, the Associated Press reported.

June 9, 2008

Conn. Truck Inspections Drop 20%

Connecticut鈥檚 truck inspections fell 20% to about 18,600 in 2007, compared with a year earlier, the Hartford Courant reported.

June 9, 2008

OEMs Avoid Price Cuts Despite Truck Sales Slump

Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.

June 9, 2008

Diesel Price Dips 1.6垄 to $4.707 a Gallon

The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.

June 9, 2008

Diesel Falls 1.5垄 to $4.692; Gas Tops $4 for First Time

The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.

June 10, 2008

Saudi Arabia Seeks Meeting on Oil Prices

Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.

June 9, 2008

Teamsters Launch Carhaul Strike at PTS

Teamsters union members employed at car hauler Performance Transportation Services went on strike against the company Monday to enforce the union鈥檚 bargaining table demands, the union said.

June 10, 2008

Congress Tackles 鈥楽plash-and-Dash鈥 Loophole Giving Tax Credit for Exported Biodiesel

Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they 鈥渟plash鈥 their product with petroleum-based diesel in the United States and then sell it overseas.

June 9, 2008

Mullen Buys Fluid, Oilfield Transport Firm

Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.

June 5, 2008