Crude oil fell from a record high of more than $135 a barrel Thursday, as a Congressional panel grilled oil executives for a second day in Washington, Bloomberg reported.
May 22, 2008BusinessSafety
Ford Plans North American Production Cuts
Ford Motor Co. said Thursday it will cut North American vehicle production for the rest of this year and that it expects to break even next year, delaying a previous profit target, Bloomberg reported.
May 22, 2008Business
Jobless Claims Fall 9,000 for Week
Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.
May 22, 2008BusinessSafetyGovernmentAutonomous
ATA Urges Congressional Action on Drug, Alcohol Testing
American Trucking Associations Wednesday called on Congress to help the trucking industry to improve highway safety by supporting efforts to enhance drug and alcohol testing for the nation鈥檚 3.4 million truck drivers.
May 21, 2008Business
Fed Minutes Show 鈥楥lose Call鈥 on April Rate Cut
Federal Reserve officials viewed the decision to cut the benchmark interest rate last month as a close call, according to minutes of the meeting released Wednesday.
May 21, 2008GovernmentBusinessSafetyFuelLogistics
UPS Moving Asia Air Hub to China
UPS Inc. said Wednesday it is moving its primary intra-Asia air hub to southern China, from the Philippines, to save money and reduce transit times across Asia.
May 21, 2008BusinessFuelGovernment
Military Showing Interest in Alternate Fuels, Journal Says
The U.S. military, which is the country鈥檚 largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.
May 21, 2008Business
DHS Sets $844 Million in Security Grants for Ports, Infrastructure
The Department of 91视频land Security said it is awarding more than $844 million in grants to protect U.S. ports and infrastructure.
May 21, 2008GovernmentBusinessSafetyFuel
Letters to the Editor: Complex Engines, Soaring Fuel Prices, 55-mph Speed Limit
The article concerning increasingly complex diesel engines theoretically can be translated directly into increased revenue for dealership maintenance shops, but there are a lot of 鈥渋fs鈥 and 鈥渂uts鈥 surrounding these statements.
May 21, 2008BusinessSafety
Fed Grant Ending ATA鈥檚 Highway Watch Program
The Department of 91视频land Security has awarded a $15.5 million trucking security grant to an Alexandria, Va., firm, effectively ending American Trucking Associations鈥 four-year-long Highway Watch program.
May 21, 2008