Oil Tops $42 After Fuel Inventory Reports
Oil futures price rose $2.54 Wednesday to settle at $42.50 per barrell on the New York Mercantile Exchange, the Associated Press reported.
February 25, 2009TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
Obama Urges Cap-and-Trade Legislation
President Obama urged Congress Tuesday night to pass legislation to implement a cap-and-trade program to regulate carbon pollution in the United States, Agence France-Presse reported.
February 25, 2009Existing Home Sales Fall in January
Existing homes sales declined 5.3% in January, while the median price of a home fell 15% from the same month last year, the National Association of Realtors said Monday.
February 25, 2009Mass. Tolls to Increase if Fuel Tax Isn’t Raised
The Massachusetts Turnpike Authority approved toll increases Tuesday, but promised that motorists will avoid the increases if the state legislature increases the fuel tax, the Boston Globe reported.
February 24, 2009Gary Locke Likely Commerce Pick
President Obama has chosen former Washington governor Gary Locke (D) to be Secretary of Commerce, the Washington Post reported.
February 24, 2009Consumer Confidence Reaches New Record Low
Consumer confidence fell to a new record low in February, the Conference Board said Tuesday.
February 24, 2009Appropriations Bill Seeks End to Cross-Border Trucking Program
An appropriations bill introduced Monday in the House of Representatives would put an end to the controversial cross-border trucking program introduced in 2007.
February 24, 2009P.A.M. Reports Loss for 4Q, Year
Truckload carrier P.A.M. Transportation Services reported a fourth-quarter loss of $11.4 million, or $1.19 per share, compared with a loss of $840,000, or 8 cents, a year ago.
February 23, 2009Gas Gains 2.6¢ to $1.944, Lundberg Says
Gasoline’s national average price rose 2.6 cents over the two weeks ended Friday to $1.944 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
February 23, 2009White House Backs Off Mileage-Based Tax
The White House backed off a suggestion by Transportation Secretary Ray LaHood that the Obama administration would consider a vehicle mileage tax in lieu of the federal gasoline tax, the Washington Post reported.
February 23, 2009