A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.
May 10, 2007BusinessGovernment
April Import Prices Rise 1.3%
The price of goods imported to the United States rose 1.3% in April in a third straight gain, the Labor Department said Thursday.
May 10, 2007Government
Trade Deficit Jumps 10.4% in March
The U.S. trade deficit grew by 10.4% in March as oil imports surged, the Commerce Department said Thursday.
May 10, 2007BusinessFuelGovernment
Oil Falls as Inventories Rise
Crude oil futures prices fell to their lowest level in seven weeks Wednesday following an Energy Department report that showed inventories rose last week.
May 9, 2007BusinessSafetyGovernment
Safety & Security Briefs
May 9, 2007
BusinessSafetyGovernment
Senator Seeks Stricter Rules for Hazmat Drivers
Sen. Barbara Boxer (D-Calif.) has asked the Department of 91视频land Security to come up with stronger guidelines for truckers who transport gasoline and other hazardous materials, the Associated Press reported.
May 9, 2007BusinessSafetyGovernment
Interpool鈥檚 1Q Income Falls
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its first-quarter net income declined from a year ago.
May 9, 2007GovernmentBusinessSafetyFuel
Senate Panel Sets Mileage Bill To Include Heavy Trucks
A Senate panel approved a measure that would boost automobile fuel-economy standards and set mileage standards for heavy trucks for the first time, the Wall Street Journal reported Wednesday.
May 9, 2007