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TMW Systems to be Acquired by Two Investment Firms
Click here to write a Letter to the Editor. leet-management software firm TMW Systems said Monday it had finalized an agreement to be purchased by Wachovia Capital Partners and Peppertree Capital Management. Terms of the deal were not disclosed.
September 26, 2005Crude Oil Price Rebounds Following Post-Rita Declines
Click here to write a Letter to the Editor. rude oil futures prices rose from two-week lows they had reached in overnight trading Monday, following reports that refiners on the Gulf Coast had sustained some damage from Hurricane Rita.
September 26, 2005Almost 30% of Refinery Capacity Offline in Gulf Coast
Click here to write a Letter to the Editor. lmost 30% of U.S. oil-refining capacity is offline because of Hurricanes Rita and Katrina, Bloomberg reported Friday.
September 23, 2005Roads Jammed, Fuel Concerns Rise on Rita's Landfall
Click here to write a Letter to the Editor. urricane Rita moved closer to the Texas-Louisiana border early Friday, and traffic on regional highways were gridlocked with people attempting to evacuate from coastal areas, the Associated Press reported.
September 23, 2005Heartland Moving Its Headquarters
Heartland Express said Thursday it would move its headquarters to North Liberty, Iowa, about five miles from its current headquarters in Coralville, Iowa.
September 23, 2005Cummins to Build Engines at Chinese Plant
Click here to write a Letter to the Editor. ngine maker Cummins Inc. said it formed a joint venture with Chinese company Shaanxi Automobile Group to develop Cummins’ ISM 11-liter heavy-duty engine at a new production facility to be built in the Chinese city of Xi’an.
September 23, 2005Officials Temporarily Waive Rules in Katrina Rebuilding
Click here to write a Letter to the Editor. n the wake of Hurricane Katrina, federal officials issued a number of waivers and rule suspensions for trucks participating in the relief efforts.
September 23, 2005Rail, Intermodal Traffic Spike to Weekly Records
Click here to write a Letter to the Editor. .S. railroad freight traffic set new records for the week ended Sept. 17, the Association of American Railroads said.
September 23, 2005DOT, EPA Ease Regulations to Cope With Rita
As it did with Hurricane Katrina, the U.S. Department of Transportation has suspended rules limiting hours of service for truck drivers in the regions affected by Hurricane Rita so emergency and repair crews will be able to work as needed to support evacuation, recovery and repair operations.
September 23, 2005Rita's Rains Breach New Orleans' Levees
Rain bands from Hurricane Rita sent water pouring through breaches in a patched levee in New Orleans Friday afternoon into some of the city's lowest-lying neighborhoods, the Associated Press reported.
September 23, 2005