Oil fell to an eight-week low Wednesday, closing below $90 a barrel for the first time since early August on signs of lower demand, Bloomberg reported.
September 26, 2012Business
August New ϳԹ Sales Fall 0.3% But Hold Near Two-Year High
New home sales fell 0.3% in August but held near a two-year high, the Commerce Department said Wednesday.
September 26, 2012Business
Eaton’s Cooper Deal Gets International Clearance
Eaton Corp.’s planned $11.8 billion acquisition of Ireland-based Cooper Industries received clearance from two international bodies, the component supplier said.
September 26, 2012BusinessFuel
TMC Sets Task Forces to Address Natural Gas, Other Issues
PITTSBURGH — The Technology & Maintenance Council said it has formed new task forces to look at natural gas, coolant and electronics issues facing the trucking industry.
September 26, 2012BusinessTechnology
Ontario Extends CB Exemption from Hands-Free Law
CB radios have been exempted from Ontario’s hands-free distracted driving law for another five years, Ontario’s Minister of Transportation Bob Chiarelli said.
September 26, 2012Business
Truck Tonnage Rises 3.2% in August
Truck tonnage increased 3.2% in August from a year ago, American Trucking Associations said.
September 25, 2012Business
FMCSA Says HOS Rule’s 34-Hour Restart Is Reasonable
Provisions of the federal hours-of-service rule for truck drivers are “reasonable” and have been “adequately explained” by the Federal Motor Carrier Safety Administration, the agency said in a court filing.
September 25, 2012Business
Trucking On-Job Deaths Rise 14%, Labor Dept. Says
Trucking was one of the most dangerous industries for workers last year, when 474 workers died on the job, a 13.9% increase over the previous year, the Labor Department said in a preliminary report.
September 25, 2012BusinessLogistics
Forward Air Lowers 3Q Outlook
Forward Air Corp. said its third-quarter earnings will be lower than the company originally estimated, as tonnage volumes became “inconsistent” in August following a strong start to the period.
September 25, 2012Business
C.H. Robinson to Buy Phoenix Intl. for $635 Million
Third-party logistics company C.H. Robinson Worldwide said Tuesday it will buy international freight forwarder Phoenix International for $635 million in cash and stock.
September 25, 2012