Natural Gas Prices May Double by 2015, FT Reports
U.S. natural gas prices may double from recent 10-year lows by 2015 as more of the fuel is used in transportation, the Financial Times reported May 17, citing an oil company executive.
May 17, 2012Philadelphia Manufacturing Index Contracts
An index of manufacturing activity in the Philadelphia region in May showed contraction for the first time in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 17, 2012Leading Economic Indicators Slip
An index of leading economic indicators fell in April following six straight increases, the New York-based Conference Board said Thursday.
May 17, 2012Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week, holding at 370,000, the Labor Department said Thursday.
May 17, 2012Oil Closes at Six-Month Low Under $93 a Barrel
Oil fell more than $1 Wednesday to finish the trading day at six-month-low under $93 a barrel, Bloomberg reported.
May 16, 2012Volvo’s April North American Deliveries Rise 39%
Volvo AB’s North American truck deliveries rose 39% in April from a year ago, the company said Wednesday.
May 16, 2012Industrial Production Rises More Than Forecast
Industrial production rose 1.1% in April, led by automobile manufacturing and utility output, the Federal Reserve said Wednesday.
May 16, 2012Housing Starts Improve in April
Housing starts rose 2.6% in April, the Commerce Department said Tuesday.
May 16, 2012XPO Logistics Moves HQ to Connecticut
XPO Logistics Inc. said Tuesday it moved its corporate headquarters to Greenwich, Conn., from Buchanan, Mich.
May 16, 2012FMCSA Five-Year Plan May Target Shippers, Brokers
Over the next five years, the Federal Motor Carrier Safety Administration plans to significantly reduce truck-related crash fatality rates by developing new credentialing and driver safety fitness standards, expanding its regulatory reach to include shippers and other industry players and creating new programs aimed at weeding out high-risk motor carriers.
May 15, 2012