Three institutional investors have put $15.5 million in financing into Innovation Fuels, an Albany, N.Y., company that makes and distributes biodiesel fuel worldwide, financial firm Credit Suisse said Tuesday.
June 3, 2008GovernmentBusinessSafety
FMCSA Warns About Anti-Smoking Drug Chantix
The Federal Motor Carrier Safety Administration has issued an advisory warning that the popular prescription smoking-cessation drug Chantix may adversely affect commercial drivers’ ability to operate their vehicles safely.
June 4, 2008GovernmentBusinessSafety
First-Quarter Productivity Upgraded to 2.6%
First-quarter U.S. worker productivity rose 2.6% from the previous quarter, up from an earlier estimate, the Labor Department said Wednesday.
June 4, 2008GovernmentBusinessSafetyLogistics
Opinion: A Clearinghouse for Drug and Alcohol Info
Just days after a new report recommended improvements to drug-testing programs that could better identify illegal drug users and keep them off the road, Reps. Jim Oberstar (D-Minn.), John Mica (R-Fla.) and Peter DeFazio (D-Ore.) announced their intention to introduce legislation aimed at establishing a national clearinghouse of positive drug-test results.
June 4, 2008GovernmentBusinessSafetyLogistics
Canadian Provinces Nearing Accord on Speed Limiters, OTA Says
The Ontario Trucking Association said that a joint meeting this week of the Ontario and Quebec government cabinets moved them closer to accord on trucking issues such as implementing speed limiter legislation and allowing for longer combination vehicles.
June 4, 2008FuelBusinessSafetyGovernment
GM Closing Four North American Plants
General Motors Corp. is closing four North American truck and sport utility vehicle plants, in light of high fuel prices that are pushing consumers to smaller vehicles, the Associated Press reported Tuesday.
June 3, 2008FuelBusinessGovernment
Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976
The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.
June 3, 2008Business
FedEx Renaming Kinko’s as FedEx Office
FedEx Corp. said late Monday it will change the name of its office and business services unit, FedEx Kinko’s, to FedEx Office.
June 2, 2008Business
FMCSA Awards $1 Million in CDL Education Grants
The Federal Motor Carrier Safety Administration said Monday it has awarded a total $1 million in grants to nine technical and community colleges to enhance safety curricula and behind-the-wheel training courses for students enrolled in commercial driver’s license training programs.
June 2, 2008GovernmentBusinessSafety
DOT Seeks Proposals to Fight Border Congestion
The Department of Transportation said Monday it is requesting proposals for innovative new approaches to reduce traffic tie-ups at some of the nation’s most congested border crossings.
June 2, 2008