Continued record high gasoline prices may become a trend, due in part to an expansion in biofuel development, according to some oil executives, the New York Times reported Thursday.
May 24, 2007BusinessGovernment
Durable Orders Rise for Third Month
Durable goods orders rose for a third straight month in April, gaining 0.6%, the Commerce Department said Thursday.
May 24, 2007Business
Jobless Claims Rise by 15,000
Initial jobless claims rose by 15,000 last week, the Labor Department said Thursday.
May 24, 2007GovernmentBusiness
House Passes Bill Targeting Gasoline Price Gouging
The House approved legislation Wednesday that would make gasoline price gouging a federal crime, subjecting companies to as much as $150 million in fines, Bloomberg reported.
May 23, 2007FuelBusiness
Oil Climbs Despite Inventory Gains
Crude oil rose to near $66 a barrel Wednesday despite a Department of Energy report that showed fuel inventories rose last week, Bloomberg reported.
May 23, 2007BusinessFuelAutonomous
CVG to Shutter Seattle Operations
Auto and truck parts supplier Commercial Vehicle Group said Wednesday it will close its Seattle manufacturing facility and transfer operations from there by the end of this year.
May 23, 2007BusinessSafetyGovernment
Covenant Renames Holding Company
Covenant Transport said Wednesday its stockholders approved a name change to the truckload carrier鈥檚 corporation to Covenant Transportation Group Inc.
May 23, 2007BusinessGovernment
Pa. Trucking Group Says Plan to Lease Turnpike Unpopular
The Pennsylvania Motor Truck Association reiterated its opposition to a plan to lease the Pennsylvania Turnpike, saying that a state report was limited in scope.
May 23, 2007GovernmentBusinessSafetyFuel
Calif. Seeks Stricter Greenhouse-Gas Rules
California has asked U.S. regulators for permission to set its own environmental rules for reducing global warming emissions from passenger vehicles, Bloomberg reported.
May 23, 2007BusinessAutonomous
Senator Seeks Hazmat Review for Drivers
Sen. Barbara Boxer (D-Calif.) has called on federal officials to review standards for granting truck drivers hazardous materials endorsements.
May 22, 2007