Oil futures jumped for a fifth straight day Friday, shooting past $126 a barrel for the first time and closing the week near that level on the New York Mercantile Exchange, the Associated Press reported.
May 9, 2008GovernmentBusinessSafetyFuel
ATA Unveils Sustainability Initiative for Trucking Industry
American Trucking Associations and a group of trucking companies Thursday launched a program of initiatives to move the trucking industry toward a more sustainable future, which includes steps to reduce carbon dioxide emissions from heavy trucks.
May 8, 2008BusinessSafety
Intermodal Traffic Falls 3.7% for Week
Rail intermodal traffic fell 3.7% for the week ended Saturday compared with the same week last year, the Association of American Railroads said.
May 8, 2008Business
Rush Buys N.C. Truck Dealerships
Truck dealership Rush Enterprises said Thursday it has acquired Peterbilt Carolina, which includes a Peterbilt, Hino and Isuzu heavy- and medium-duty truck dealership.
May 8, 2008Business
Quality Reports First-Quarter Loss
Tank truck carrier Quality Distribution reported a first-quarter loss of $1.9 million, or 10 cents a share, compared with a loss of $200,000, or 1 cent, in last year’s first quarter.
May 8, 2008GovernmentBusinessFuel
Wholesale Inventories Decline in March
Wholesale inventories fell 0.1% in March, led by a decline in crude oil supplies, the Commerce Department said Thursday.
May 8, 2008BusinessLogistics
Expeditors’ First-Quarter Income Improves
Logistics firm Expeditors International of Washington said its first-quarter profit rose 12% to $66.5 million, or 30 cents a share, from $59.3 million, or 27 cents, a year ago.
May 8, 2008Business
Express-1 Reports Improved 1Q Profit
Express-1 Expedited Solutions said Thursday it earned $643,000, or 2 cents a share, in the first quarter, up from $461,000, or 2 cents, a year ago.
May 8, 2008BusinessFuelGovernmentSafety
Atlas Air Reports First-Quarter Loss
Air cargo company Atlas Air Worldwide Holdings said Thursday it lost $5.3 million, or 25 cents a share, in the first quarter, compared with a profit of $6.2 million, or 29 cents, a year ago.
May 8, 2008BusinessEquipmentGovernment
Accuride’s First-Quarter Widens
Commercial vehicle component maker Accuride Corp. said Thursday it lost $11.7 million, or 33 cents a share, in the first quarter, compared with a loss of $1.9 million, or 5 cents, a year ago.
May 8, 2008