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Crude Oil Falls for Third Day; Distillate Inventories Gain

Crude oil prices fell for a third straight day following a Department of Energy report Wednesday showing that distillate fuel inventories, which include diesel, rose last week.

June 8, 2005

Caterpillar to Split Stock 2-for-1, Boost Dividend

Engine and heavy-equipment maker Caterpillar Inc. said Wednesday it would split its stock 2-for-1 and boost its quarterly dividend by 9 cents, following record sales last year.

June 8, 2005

91ÊÓÆµland Security's Chertoff Names Acting TSA Leadership

91ÊÓÆµland Security Secretary Michael Chertoff announced that Kenneth Kasprisin will serve as acting administrator of the Transportation Security Administration and Tom Blank will serve as TSA’s acting deputy administrator effective immediately.

June 8, 2005

Security & Safety Briefs - June 2 - June 8

Gabriel Names Distributor of Trucking, Intermodal Products • Utah Trucking Assn. Sets Safety Partnership • Connecticut Police Write 1,200 Seat-Belt Tickets • Oshkosh Expanding Military Truck Facility

June 8, 2005

April Wholesale Inventories Rise More Than Forecast

Wholesale inventories increased 0.8% to $350 billion in April, the Commerce Department reported Wednesday.

June 8, 2005

Ryder Wins Contract With New York Post

Ryder System Inc. said it won a contract from the New York Post to support distribution of the newspaper to the New York metropolitan area.

June 8, 2005

Shippers Respond to UPS Heading for LTL Market

Less-than-truckload shippers had mixed reactions to the news that parcel giant UPS Inc. would enter the LTL market with its proposed purchase of Overnite Transportation.

June 8, 2005

Insurance Study Ranks Safest Driving Areas

Cedar Rapids, Iowa, is the safest U.S. city to drive in, according to a new insurance study, the Associated Press reported. Sioux Falls, S.D., ranks second.

June 8, 2005

Diesel to Remain Higher Than Gasoline Into 2006, DOE Says

Average retail diesel prices are expected to remain above regular gasoline prices through 2006, the Department of Energy said in its monthly Short-Term Energy Outlook released Tuesday.

June 7, 2005

GM to Slash 25,000 Jobs by 2008, CEO Says

General Motors Corp. plans to cut 25,000 manufacturing jobs between now and 2008, GM's chief executive officer Rick Wagoner said Tuesday.

June 7, 2005

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