Oil closed at a record $100.88 a barrel Tuesday, topping last week鈥檚 first close of more than $100, Bloomberg reported.
February 26, 2008FuelGovernmentBusiness
Oil Soars Past $102; Fuel Prices Seen Straining Economy
Crude oil rose to more than $102 barrel in early trading Wednesday, the first time it has topped that level, Bloomberg reported.
February 27, 2008BusinessSafetyGovernment
Fleets Urge FMCSA to Keep 11th Hour, 34-Hour Restart
Several large trucking fleets have urged the Federal Motor Carrier Safety Administration to retain the 11th hour of driving and the 34-hour restart in its hours-of-service regulations, saying those provisions have improved highway safety and given drivers the flexibility to adjust to unexpected delays.
February 27, 2008BusinessGovernment
Durable Goods Orders Fall 5.3%
Durable goods orders fell 5.3% in January, the Commerce Department said Wednesday.
February 27, 2008Business
European Truck Sales Surge 23% in January
European heavy-duty truck sales surged 23% in January, led by sales in France and the United Kingdom, as transport firms expanded their fleets and replaced aging vehicles, Bloomberg reported Tuesday.
February 26, 2008GovernmentBusiness
Consumer Confidence Falls in February
Consumer confidence declined in February, the New York-based Conference Board said Tuesday.
February 26, 2008GovernmentBusinessLogistics
Schenker Chairman Hagar Resigns
Hans-J枚rg Hager, chairman of the board of Schenker Logistics, will step down from his position this year, the company said Tuesday.
February 26, 2008GovernmentBusinessSafetyFuelLogistics
Diesel Jumps 15.6垄 to a Record $3.552 a Gallon
The national average price of diesel fuel jumped 15.6 cents to a record $3.552 a gallon, shattering the previous mark set three months ago by 10.8 cents, the Department of Energy said Monday.
February 26, 2008Business
Trailer Bridge鈥檚 Losses Widen in 4Q
Trailer Bridge Inc. said Tuesday it lost $67,334, or 1 cents a share in the fourth quarter of 2007, compared with earnings of $8.9 million or 72 cents in the 2006 fourth quarter.
February 26, 2008BusinessSafetyGovernment
DOT Seeks Rail Safety Improvements
The Department of Transportation said it is seeking to reduce common mistakes that result in nearly half of all human factor-caused train accidents.
February 25, 2008