Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007Search
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Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Border Bottlenecks, Regulations Top Concerns for Ontario Shippers, Carriers
For Ontario — Canada’s manufacturing hub and a heavy participant in North American trade — trucking executives say today’s key issue in transportation is to keep the fleets moving steadily back and forth across the border.
November 5, 2007Fleets to Face Engine Dilemma as Some Makers Avoid SCR
The decision by two major engine manufacturers, Cummins Inc. and Navistar International, to build 2010 heavy-duty diesel engines without selective catalytic reduction technology has upset truck sales forecasts for the 2009 and 2010 truck markets.
November 5, 2007ISM Factory Index Falls in October
The Institute for Supply Management’s manufacturing index declined in October, ISM said Thursday.
November 1, 2007Personal Spending Rises 0.3% in September
Consumer personal spending rose 0.3% in September, the Commerce Department said Thursday.
November 1, 2007NAFTA Surface Trade Rises 4.2%
Surface trade among the United States, Canada and Mexico rose 4.2% in August from a year earlier, the Transportation Department said Wednesday.
October 31, 2007Third-Quarter GDP Tops Forecast at 3.9% Growth Rate
The U.S. economy expanded at a 3.9 % annual growth rate in the third quarter, the Commerce Department said Wednesday.
October 31, 2007Pacer’s 3Q Profit Declines
Transportation and third-party logistics firm Pacer International’s third-quarter profit fell 27% from a year ago, the company said.
October 31, 2007Hill Says to Expect Announcement on HOS Revisions in Late November
ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, told Transport Topics he expects to issue guidance on the agency’s revisions to the hours-of-service rule in late November.
October 30, 2007