Oil fell more than $4 to a four-month low near $91 a barrel Thursday after the U.S. government said it would tap the Strategic Petroleum Reserve as part of an international effort to boost supplies, Bloomberg reported.
June 23, 2011Business
APL Logistics Deploys 53-Foot Containers in North America
APL Logistics has begun to deploy its own fleet of 53-foot containers in the North American domestic intermodal market.
June 24, 2011Business
Ryder Gets Anti-Terrorism Certifications
Ryder System announced it has received three anti-terrorism certifications for its Asia and Trans-Pacific logistics operations.
June 24, 2011Business
Opinion: The Silver Bullet
In April, President Obama, while discussing his concerns regarding the record high cost of fuel, stated there was no “silver bullet” to bring down the price of gasoline or cure the U.S. addiction to oil.
June 24, 2011BusinessEquipment
Michelin North America Chairman Wilkerson to Retire
Michelin North America said Thursday that its chairman, Richard Wilkerson, will retire by year’s end. He will be succeeded by Pete Selleck.
June 23, 2011Business
N.C. Diesel, Gasoline Taxes to Rise 2.5 Cents in July
Motor carriers filling up in North Carolina will be paying 2.5 cents more in diesel taxes beginning July 1.
June 23, 2011Business
California Port Terminal Fee to Rise 20%
The PierPass program that operates in the Ports of Los Angeles and Long Beach, Calif., to provide off-peak service options for container lines and truckers, announced a fee increase of 20% to $60, to take effect on July 4.
June 23, 2011Business
New ϳԹ Sales Fall 2.1% in May
May new home sales fell for the first time in three months, declining 2.1% to 319,000, the Commerce Department said Thursday.
June 23, 2011Business
Initial Jobless Claims Climb by 9,000
Initial jobless jumped by 9,000 to 429,000 last week, the Labor Department said Thursday.
June 23, 2011Business
FedEx’s Fourth-Quarter Profit Rises 33%
FedEx Corp. said Wednesday its fiscal fourth-quarter profit rose 33% from a year ago on a stronger economy, higher demand and increased volumes.
June 22, 2011