Oil prices reached a new record Friday near $128 a barrel and the Department of Energy said it would suspend shipments to nation鈥檚 Strategic Petroleum Reserve, the Associated Press reported.
May 16, 2008BusinessFuelGovernment
Rendell Says He鈥檚 Close to Deal to Lease Pennsylvania Turnpike
With the fate of a proposal to toll Interstate 80 still up in the air, Pennsylvania Gov. Ed Rendell (D) said his administration was close to finishing a plan to privatize the 524-mile Pennsylvania Turnpike, last week taking bids from investors that could provide the state about $12 billion.
May 19, 2008FuelBusinessGovernment
Fuel Prices Skyrocket
Retail fuel prices around the nation soared last week, setting new records for diesel and gasoline, according to the Department of Energy鈥檚 weekly survey of filling stations.
May 19, 2008GovernmentBusinessSafety
L.A. Port Votes to Ban Owner-Operators by 2013
Port of Los Angeles officials voted late Thursday to ban independent truck drivers from the port by the end of 2013, the Long Beach聽Press-Telegram reported Friday.
May 16, 2008BusinessGovernment
Consumer Confidence Hits 28-Year Low
U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 16, 2008GovernmentBusiness
Housing Starts Jump 8.2% in April
New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.
May 16, 2008BusinessGovernmentLogistics
Ontario-U.S. Truck Border Crossings Decline
Truck crossings from the Canadian province of Ontario into the United States have fallen 5.6% in 2008 compared with the same period last year, the Ontario Trucking Association said Thursday.
May 15, 2008BusinessGovernment
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month, but continued to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.
May 15, 2008BusinessGovernment
New York Manufacturing Index Declines
Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.
May 15, 2008BusinessSafetyGovernment
DOT Freight Transport Index Drops 0.4% in March
The Department of Transportation鈥檚 freight transportation services index fell 0.4% in March from the same month last year, DOT said Wednesday.
May 14, 2008