Business
Fuel, Business, Government

Oil Inventories Rise; Crude Tops $87 a Barrel

Larry Smith/Trans Pixs

Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.

Transport Topics
October 17, 2007
Business

Pa. I-80 Toll Plan Moves Forward

Bruce Andrew Peters for TT

Pennsylvania officials have forwarded documents to Federal Highway Administration in a first step toward converting Interstate 80 to a toll road, the Pittsburgh Post-Gazette reported Wednesday.

Transport Topics
October 17, 2007
Business, Logistics

CSX’s Third-Quarter Income Rises

Eastern freight rail line CSX Corp.’s third-quarter earnings jumped 24% from a year earlier, the railroad said late Tuesday.

Transport Topics
October 17, 2007
Fuel, Business, Government

Consumer Price Index Rises 0.3% in September

The consumer price index rose 0.3% in September, led by increases in food and fuel, the Labor Department said Wednesday.

Transport Topics
October 17, 2007
Government, Business

States Receive FHWA Funds to Ease Delays

The Federal Highway Administration announced Oct. 5 it is issuing nearly $5 million in grants to six states to “reduce traffic jams near highway construction sites by speeding project completion.”

Transport Topics
October 17, 2007
Business

Two TSA Laptop Computers Stolen

Two laptop computers with personal information about U.S. commercial drivers who transport hazardous materials are missing and considered stolen, the Associated Press reported Tuesday.

Transport Topics
October 16, 2007
Government, Business, Safety

Court Says FedEx Drivers Can Sue for Status; Company Plans To Appeal

A federal judge ruled Monday that FedEx Corp.’s independent drivers can sue as a group for benefits sought in a lawsuit filed by workers claiming they should be paid as full-time employees, Bloomberg reported.

Transport Topics
October 16, 2007
Business

Supervalu’s Earnings Rise for Fiscal 2Q

Grocery chain Supervalu Inc. earned $148 million, or 69 cents a share, for its second quarter ended Sept. 8, up from $132 million or 61 cents a year earlier.

Transport Topics
October 16, 2007
Business

Industrial Production Rises 0.1% in September

Industrial production rose 0.1% in September, the Federal Reserve said Tuesday.

Transport Topics
October 16, 2007
Business

Velocity Express Reports Fiscal 4Q Loss

Velocity Express said Tuesday it lost $4.3 million or 20 cents a share in its fiscal fourth quarter ended June 30, compared with a loss of $5.8 million or 44 cents a year earlier.

Transport Topics
October 16, 2007

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