About Business News...
Business, Fuel, Government, Autonomous

Crude Oil Closes at 19-Month Low, at $54.02 a Barrel

Crude oil futures hit a 19-month low price, closing at $54.02 a barrel on the New York Mercantile Exchange Wednesday following a Department of Energy report showing strong heating-oil inventories, Bloomberg reported.

January 10, 2007
Business, Government, Safety

ATRI Issues Final Request for HOS Sleeper-Berth Data

The American Transportation Research Institute issued a final call Tuesday for motor carrier safety data to measure the effects of the federal hours-of-service rule’s split sleeper-berth provisions.

January 9, 2007
Business, Safety, Government, Equipment

YRC Folding USF Bestway Unit Into USF Reddaway

Less-than-truckload carrier YRC Regional Transportation said late Monday that its USF Bestway and USF Reddaway units will consolidate into one organization under the USF Reddaway brand.

January 9, 2007
Business, Fuel, Government

Diesel Average Price Drops 4.3 Cents to $2.537 a Gallon

The average retail price of diesel fuel dropped 4.3 cents to $2.537 a gallon, the Department of Energy reported Monday.

January 9, 2007
Business, Autonomous

Wachovia Upgrades Trucking Sector

Wachovia Capital Markets upgraded the U.S. trucking sector to “market weight” from “underweight,” citing opportunities for investors to be more constructive ahead of the next upturn, Reuters reported.

January 9, 2007
Business, Government, Safety, Logistics, Autonomous

CDL Fraud Probe Targets False Addresses

Several people who obtained commercial driver’s licenses from a southern Missouri trucking school gave false home addresses, and state officials acknowledge they currently have no way to stop the practice, the Associated Press reported.

January 9, 2007

UPS Names David Abney Chief Operating Officer

UPS Inc. late Monday said it promoted David Abney to chief operating officer and Alan Gershenhorn to replace Abney as president of UPS International.

January 8, 2007

DDC Heavy-Duty Engines in Production, Freightliner Says

Freightliner LLC said it that its Detroit Diesel Corp. unit has begun production of 2007-year heavy-duty Series 60 engine that meets required Environmental Protection Agency standards.

January 8, 2007
Business, Government

Delaware May Lease Its Toll Roads, Paper Reports

Delaware may consider leasing its toll roads to pay for road projects, in a move similar to other states, the Delaware News Journal newspaper reported Sunday.

January 8, 2007
Business, Safety

U.S. Freight Railroads Report Record-Breaking Year

U.S. freight railroads completed a record-breaking year in 2006, moving record numbers of carloads and intermodal containers, the Association of American Railroads said.

January 8, 2007