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Business, Fuel, Government

Fuel Price Hedgers Seeking Market Bottom

With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.

May 25, 2009
Business, Safety, Government

LaHood Says No Decision Yet on Truck Weights

WASHINGTON — The Department of Transportation has yet to make a decision on whether to back increased federal truck weight limits, Secretary Ray LaHood said.

Sean McNally | Staff Reporter
May 22, 2009
Business, Government

House Adds Unionizing Measure to FAA Reauthorization

The House approved a bill before leaving for its Memorial Day recess that would make it easier for employees to join unions, Bloomberg reported.

May 22, 2009
Government, Business, Safety

Virginia Scales Back Plan To Close Rest Stops

Tom Biery/Trans Pixs

The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.

May 22, 2009
Business, Safety, Government

Knight Boosting Dividend

Truckload carrier Knight Transportation said it will boost its quarterly dividend to 5 cents per share, from 4 cents.

May 22, 2009
Business, Equipment

Two Auto Haulers to Merge

The sluggish automobile industry has led Jack Cooper Transport Co., an automobile carrier for General Motors Corp., to merge with another car hauling company, the Kansas City Star reported.

May 22, 2009
Business, Fuel, Government

Senate Confirms Heads for FAA, FTA

The Senate late Thursday confirmed Randy Babbit, former president of the Air Line Pilots Association, as the administrator of the Federal Aviation Administration.

May 22, 2009
Business

Oil Gains $5 for Week, Topping $61 a Barrel

Larry Smith/Trans Pixs

Oil closed the trading week near $62 a barrel — up more than $5 from last Friday — as the dollar fell to a four-month low against the euro, Bloomberg reported.

May 22, 2009
Business, Safety, Government

U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says

Tom Biery/Trans Pixs

Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.

May 21, 2009
Business, Logistics

US 1 Reports First-Quarter Loss

Logistics firm US 1 Industries said it had a first quarter net loss of $979,000, or 7 cents a share, compared with a profit of $690,000, or 5 cents a share, a year earlier.

May 21, 2009

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