Oil Pushes Past $116 as Gasoline Inventories Fall
Crude oil rose more than $1 Wednesday to top $116 a barrel, as gasoline inventories declined last week, Bloomberg reported.
August 20, 2008FMCSA to Send Hours, EOBR Rules to Peters for Review
The Federal Motor Carrier Safety Administration is preparing to send several proposed rules, including regulations governing driver hours-of-service and electronic onboard recorders, to Transportation Secretary Mary Peters for review.
August 20, 2008Teamsters Seeking Help from Interstate Bakeries’ Creditors
The Teamsters union, which represents 9,500 employees of bankrupt Interstate Bakeries Corp., said hopes for the company’s successful emergence from bankruptcy were dimming, the Kansas City Star reported.
August 20, 2008Goodyear to Close 92 U.S. Retail Outlets
Goodyear Tire & Rubber Co. plans to close 92 retail stores with about 500 full-time workers by the end of the year because of their lack of profitability, Bloomberg reported.
August 20, 2008YRC Completes Deal to Buy Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said Tuesday it closed a previously announced deal to buy Chinese LTL firm Shanghai Jiayu Logistics.
August 19, 2008Housing Starts Fall to 17-Year Low
New home construction fell to a 17-year low in July, the Commerce Department said Tuesday.
August 19, 2008Diesel Falls Again, Dropping 14.2¢ to $4.207 a Gallon
Diesel fuel’s national average retail price fell for the fifth straight week Monday, plunging 14.2 cents to $4.207 a gallon, the Department of Energy said Monday.
August 19, 2008Inspectors to Face Their Own Challenges at Truck Driving Championships
A total of 54 award-winning commercial truck and bus roadside inspectors are scheduled to compete at the 2008 North American Inspectors Championship, set for Aug. 18-24 in Houston.
August 19, 2008Westport Begins Trading on Nasdaq
Westport Innovations, which makes alternative fuel transportation technologies, said Monday it has begun trading on the Nasdaq stock market.
August 18, 2008UPS Expands Domestic Air Service
UPS Inc. said Monday it is offering “significant enhancements” to domestic on-call pickup service in for air packages.
August 18, 2008