P.M. Executive Briefing - Oct. 5
ul>
Oil Prices Drop Again on SPR Oil Sale
The price of crude oil dropped almost 4% Thursday as the United States sold 30 million barrels from its Strategic Petroleum Reserve, Bloomberg reported.Prices dropped a third straight session, this time as much as $1.18 to $30.25 per barrel on the New York Mercantile Exchange. On London's International Petroleum Exchange, prices fell as much as $1.10 to $29.42 per barrel, the article said.
Meanwhile, President Bill Clinton remarked that he felt the United States would not face any fuel supply shortages in the winter months, but he also vowed to keep an eye on the situation, Bloomberg also reported. Transport Topics
Florida Still Suffers from Flooding
Gov. Jeb Bush imposed a state of emergency on rain-soaked south Florida as thousands remained without power Thursday, the Associated Press reports.Many roadways remained flooded from the 18 inches of rain that fell from a storm over the past two days, and many vehicles had been abandoned, the article said. About 9,000 homes and businesses in the region were still without power Thursday of the 91,000 customers that originally lost power, a Florida Power and Light spokesman told AP.
Meanwhile, Hurricane Keith regained strength along the Mexican coast, causing evacuations ahead of the storm, Reuters reported. This could potentially affect oil production in the Gulf of Mexico. Transport Topics
Shuster Sanctioned by House Ethics Panel
The U.S. House ethics committee sanctioned Transportation Committee Chairman Bud Shuster (R-Pa.) with a letter of disapproval for accepting improper gifts and favoring a lobbyist, the Associated Press reported Thursday. No further action will be taken.The story said the letter was negotiated by Shuster and ends the three-year probe, but notes that Shuster criticized the committee findings and contended he had complied with the law and his "understanding of what was right."
The investigation began over allegations that Shuster had a conflict of interest with his former chief of staff, Ann Eppard, who became a lobbyist for transportation clients after leaving the congressman's office, AP said. Transport Topics
@Track, Mesilla in Deal for 700 Trailer-Tracking Units
@Track Communications (ATRK) announced Thursday it will equip El Paso, Texas-based trucking company Mesilla Valley Transportation Services with 700 TrackWare Remote Units, and provide a three-year service agreement.These units can report a trailer's location up to four times every 24 hours, and can also report the location when connected or disconnected, loaded or unloaded and when its doors opens or closes.
Mesilla Valley operates across the U.S. Southwest with about 300 trucks and 900 trailers. @Track Communications provides wireless mobile communications and tracking technology. Transport Topics
Maryland Station Adds Traffic.com in January
Traffic.com will bring its digital traffic-information technology to Maryland starting Jan. 1, as it will supply traffic data for WBAL radio.The cmopany's TrafficPulse sensor network is currently analyzing traffic in Pittsburgh and Philadelphia, as previously reported by Transport Topics.
The traffic information it collects is distributed both via the Internet and radio reports; reports on television and wireless communications will be available later, the company said. Transport Topics
Headlines From Today's A.M. Briefing
- Refiners Awarded Oil From SPR; Crude Prices Fall
- EU Mulling Oil Market Intervention Plan
- U.S. Truckers Rally at 16 Ports
- Trucker Protests Continue in Europe, End in Argentina
- Frozen Foods Express Warns on Earnings
- LoJack Reports 36% Net Income Gain
- UPS Taps Online Oil-Supply Bids This Week
- Pilots, BAX Global in Tentative Deal
- Chunk of Houston's I-45 Closed for Repair
| ||||
