Oil Falls to Three-Week Low
Oil fell more than $1 to a three-week low near $86 a barrel Thursday following a reduced growth forecast by Europe’s central bank and concern over stalled U.S. budget negotiations, Bloomberg reported.
December 6, 2012Natural Gas Exports Would Boost U.S. Economy, Report Says
Exporting natural gas would benefit the U.S. economy, according to a study conducted for the Department of Energy.
December 6, 2012LinkAmerica to Merge with Arnold Transportation
Arnold Transportation Services said that truckload and logistics firm LinkAmerica Corp. will merge with Arnold at the beginning of the year.
December 6, 2012UTi Worldwide’s 3Q Profit Declines
UTi Worldwide said Thursday its third-quarter net income fell to $10.5 million, or 10 cents a share, from $28.5 million, or 28 cents, a year earlier.
December 6, 2012Patriot Transportation’s 4Q Income Slips
Patriot Transportation Holding said its fourth-quarter profit fell from a year ago but its transportation revenue rose slightly.
December 6, 2012Initial Jobless Claims Fall For Week
Initial jobless claims fell by 25,000 last week, the Labor Department said Thursday.
December 6, 2012Agreement Reached to End Strike at California Ports of Los Angeles, Long Beach
Clerical workers at the Southern California ports of Los Angeles and Long Beach have agreed to end an eight-day strike that affected about $1 billion of trade a day, Bloomberg reported Wednesday.
December 5, 2012CSA’s Negative Effect Less Than Feared, ATRI Study Finds
The negative effect of the Federal Motor Carrier Safety Administration’s Compliance, Safety, Accountability program has been less severe than carriers first expected, according to a recently released report by the American Transportation Research Institute.
December 5, 2012Clean Energy Completes First Stage of ‘Natural Gas Highway’ for Trucking
Clean Energy Fuels Corp. said Wednesday that with the completion of a liquefied natural gas fueling station in Missouri this month it has concluded the first stage of its “America’s Natural Gas Highway” for trucking.
December 5, 2012Factory Orders Rise in October
Factory orders rose 0.8% in October, the Commerce Department reported Wednesday.
December 5, 2012