Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007BusinessFuelLogisticsGovernment
Editorial: Still Missing a National Fuel Policy
The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.
November 9, 2007BusinessGovernment
Fed Chief Warns on 4Q Slowdown
Federal Reserve Chairman Ben Bernanke said the U.S. economy is likely to 鈥渟low noticeably鈥 this quarter while high commodity prices and a weaker dollar may stoke inflation 鈥渇or a time,鈥 Bloomberg News reported Thursday.
November 8, 2007BusinessSafetyGovernment
Bill Davis Trucking Files Bankruptcy
Bill Davis Trucking, a truckload carrier based in Batesville, Ark., filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Act late last month.
November 8, 2007BusinessGovernment
Wholesale Inventories Rise 0.8%; Sales Jump 1.3%
Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.
November 7, 2007BusinessSafetyGovernment
House Panel Approves $2 Bln. to Toughen Bridge Inspection Standards
WASHINGTON 鈥 The House Transportation and Infrastructure Committee last week approved a $2 billion plan to toughen bridge inspection standards and limit states鈥 ability to spend federal bridge funds on other projects.
November 7, 2007BusinessSafetyGovernmentLogistics
Mullen鈥檚 Third-Quarter Income Gains
Canadian transportation firm Mullen Group Income Fund鈥檚 third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.
November 7, 2007BusinessSafetyGovernmentLogistics
Pacer鈥檚 President Steps Down; Orris to Take Intermodal Post
Transportation and logistics firm Pacer International said Wednesday that its president, Tom Shurstad, is leaving the company and that its retired chief executive officer, Don Orris, will become president of its intermodal segment.
November 7, 2007GovernmentBusinessSafety
Third-Quarter Productivity Jumps 4.9%
U.S. worker productivity rose at an annual rate of 4.9% in the third quarter, the most in four years, the Labor Department said Wednesday.
November 7, 2007BusinessSafetyGovernment
Opinion: Active Surveillance Can Be Tricky
Many carriers are still using those 鈥淗ow鈥檚 my driving?鈥 decals featuring an 800 number the public can call to report a driver they consider unsafe.
November 6, 2007