Oil Declines as OPEC Boosts Production
Oil fell for a second day Friday, dropping below $95 a barrel as rising supplies countered signs of economic growth and OPEC boosted production, Bloomberg News reported.
May 10, 2013Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
L.A. Council Approves BNSF Intermodal Yard for SoCal Ports
The Los Angeles City Council approved an intermodal rail yard to serve the Los Angeles and Long Beach port terminals, the Los Angeles Times reported.
May 10, 2013Arkansas Best Rebuffs YRC’s Bid to Buy ABF Freight System
Arkansas Best Corp. said in a regulatory filing Thursday that it rejected an overture by less-than-truckload competitor YRC Worldwide to buy its ABF Freight System unit.
May 9, 2013Visteon Posts First-Quarter Profit
Vehicle parts manufacturer Visteon Corp. posted a first-quarter profit, improving upon the loss it experienced during the same time in 2012.
May 9, 2013XRS Corp. Swings to 2Q Profit
XRS Corp. on Thursday reported a profit for its fiscal second quarter compared with a loss a year ago.
May 9, 2013Cooper Reports Higher First-Quarter Profit
Cooper Tire & Rubber Co. said it posted a higher first-quarter profit but lower revenue on a soft global tire market.
May 9, 2013Senate Republicans Block Vote on EPA Nominee McCarthy
Republicans on the Senate Environment and Public Works Committee blocked a vote on confirming Gina McCarthy to head the Environmental Protection Agency by boycotting a scheduled meeting Thursday to consider the nomination, Bloomberg News reported.
May 9, 2013Wholesale Inventories Rise in March
Wholesale inventories rose 0.4% in March, the Commerce Department said Thursday.
May 9, 2013Initial Jobless Claims Fall to Five-Year Low
Initial jobless claims fell by 4,000 last week to a five-year low, the Labor Department said Thursday.
May 9, 2013DOT Freight Transportation Index Rises 2.8%
The Department of Transportation’s freight transportation services index rose 2.8% in March from the same month last year and increased sequentially for the fifth straight month, DOT said Wednesday.
May 8, 2013