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Exec Downplays Rail Takeovers

Norfolk Southern Corp. Chief Executive Officer Charles 鈥淲ick鈥 Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.

April 12, 2007

UPS Signs China Air Pact

UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.

April 12, 2007

Oil Rises Following DOE Report

Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department鈥檚 weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.

April 11, 2007

Fuel Averages to Hit Records

Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.

April 11, 2007

Saddle Creek Names President

Transportation and warehousing firm Saddle Creek Corp. said Tuesday that Bruce Abels is retiring as the company鈥檚 president effective July 1, and will be replaced by Cliff Otto.

April 10, 2007

IANA, Ocean Carriers Hit Proposed Rule on Safety of Intermodal Chassis

By Sean McNally, Senior Reporter

April 11, 2007

FMCSA鈥檚 New-Carrier Program Criticized

By Sean McNally, Senior Reporter

April 11, 2007

Gasoline Jumps 18垄 to $2.79

Gasoline pump prices jumped 18 cents in the past two weeks to $2.79 a gallon, the highest since September, analyst Trilby Lundberg said in her latest filling-station survey released Sunday.

April 9, 2007

Technology Briefs 鈥 April 3 - April 9

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April 9, 2007