Oil topped $106 a barrel in early trading Thursday following the highest closing price in two and a half years on Wednesday, Bloomberg reported.
March 24, 2011Business
Jobless Claims Drop for Week
Initial jobless claims fell by 5,000 last week, the Labor Department reported Thursday.
March 24, 2011Business
Durable Goods Orders Decline in February
Durable goods orders fell 0.9% in February, the Commerce Department said Thursday.
March 24, 2011Business
DOT Sets Bridge Safety Initiative
The U.S. Department of Transportation has launched a new safety initiative to strengthen its oversight of bridges nationwide.
March 23, 2011Business
New ϳԹ Sales Fall to Lowest Pace on Record
February new home sales fell to the slowest pace on record, the Commerce Department said Wednesday.
March 23, 2011Business
Cargo Volume Rose 16% in 2010 at Port of New York/New Jersey
Cargo volumes rose 16% in 2010 over the previous year at the Port of New York and New Jersey, the agency that oversees it reported.
March 23, 2011Business
Senator Sends Letter Opposing Mexican Truck EOBR Program
Sen. Mark Pryor (D-Ark.) sent a letter to Transportation Secretary Ray LaHood outlining his opposition to the U.S. proposal to buy electronic onboard recorders for Mexican trucks that will travel within the United States.
March 23, 2011Business
February Truck Tonnage Rises 4.2%
February truck tonnage increased 4.2% from a year ago but slipped from January, American Trucking Associations said Tuesday.
March 22, 2011GovernmentBusiness
ATA Mulls Suit Over HOS Rule
American Trucking Associations is “poised” to file a lawsuit against the Federal Motor Carrier Safety Administration if the agency adopts a proposed rule that would cut driver time to 10 hours a day, ATA Chairman Barbara Windsor said.
March 22, 2011GovernmentBusiness
New Senate Bill Would Create Infrastructure Bank
A bipartisan group of Senators has introduced a bill that would create a national infrastructure bank to issue loans and loan guarantees for transportation and other infrastructure projects of regional and national significance.
March 22, 2011