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Crude Oil Closes at 6-Week High on Weather Concerns

Crude oil closed at a 6-week high Friday, closing at $48.30 a barrel on the New York Mercantile Exchange on concerns over cold weather predicted to sweep into the U.S. from Canada this weekend, Bloomberg News reported.

January 14, 2005

News Briefs - Jan. 14

CN Railway Reaches Accord with Steelworkers Union UP Resumes Limited Service in Southern California Business Inventories Rise in November Ohio Turnpike Workers Threaten Strike And more...

January 14, 2005

Retail Sales Rise 1.2% in December; Set Yearly Record

The Commerce Department said Thursday that sales at retailers in December rose 1.2%, the most in three months. For the year, sales totaled a record $4.06 trillion, up 8% from a year earlier.

January 13, 2005

Industry Executives Say Trucking Capacity to Grow in 2005

Despite efforts by many public truckload carriers to avoid expanding in 2005, overall trucking capacity was poised to grow modestly this year, fleet suppliers, analysts and trucking executives said.

January 13, 2005

Letter to the Editor: Cooperate on Freight

Click here to write a Letter to the Editor. enjoyed the opinion column Growth in Intermodal Unites One-Time Rivals, regarding the growth in intermodal freight and its impact on traditional modal rivals.

January 13, 2005

News Briefs - Jan. 13

Allied Holdings' Stock Resumes Trading Consolidated Freightways Settles Discrimination Lawsuit Trailer Maker to Expand Output in 2005 Shipping Cos. Consider Alternative Ports to Avoid Delays

January 13, 2005

News Briefs - Jan. 12

Shell Sells Calif. Refinery to Flying J Trade Gap Widens to Record $60.3 Billion in November Arkansas Gov. Seeks $1 Billion to Improve Highways Exel Buys Power Packaging

January 12, 2005

UPS Lowers Fourth-Quarter Earnings Guidance

UPS Inc. on Tuesday lowered its fourth-quarter earnings prediction due to a slowing of domestic package volume between Christmas and New Years Day and higher-than-anticipated operating costs.

January 12, 2005

FedEx Reaffirms Fiscal 3Q Projection

Hours after UPS Inc. lowered its fourth-quarter earnings, rival FedEx Corp. late Tuesday reaffirmed its previous guidance of 90 cents to $1.00 per share for its fiscal third quarter ending Feb. 28.

January 12, 2005