Oil Climbs More Than $5 to Top $121 a Barrel
Oil rose more than $5 Thursday to close at $121.18 a barrel, based on renewed tensions between the United States and Russia and a slip in the U.S. dollar, the Associated Press reported.
August 21, 2008Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Teamsters Set Deal With Interstate Bakeries’ Creditors
The Teamsters union said it negotiated a deal between investor Ripplewood Holdings and Interstate Bakeries Corp.’s creditors to save the company from liquidation and protect union jobs.
August 21, 2008Leading Economic Indicators Fall 0.7%
An index of leading economic indicators fell 0.7% in July, the New York-based Conference Board said Thursday.
August 21, 2008Philadelphia Manufacturing Index Shows Continued Contraction
Manufacturing levels in the Philadelphia region improved, but continued to show contraction in August, the Federal Reserve Bank of Philadelphia said Thursday.
August 21, 2008Ohio Panel Holds Hearing on DHL-UPS Air Deal
About 200 people packed a legislative meeting in Ohio Tuesday to hear testimony on the potential impact of DHL’s plans to switch its domestic air cargo to UPS Inc., the Associated Press reported.
August 20, 2008Peters Seeks Support of States, Companies for DOT Transport Plan
Transportation Secretary Mary Peters said the Bush administration’s plan to encourage more local and private involvement in transportation funding hinges on support from business leaders and state officials, Bloomberg reported Wednesday.
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, 2008