Oil closed at a 29-month high near $100 a barrel on continued concerns about Middle East political unrest, Bloomberg reported.
March 2, 2011Business
Automakers Report Big February Sales Gains
U.S. auto sales rose in February, with all major car companies reporting double-digit percentage gains, the Associated Press reported.
March 2, 2011Business
Contrans’ Fourth-Quarter Income Slips
Contrans Group said Tuesday its fourth-quarter earnings fell to C$4.6 million, or 14 cents a share, from C$5.2 million, or 29 cents, a year earlier.
March 2, 2011GovernmentBusiness
GAO Report Cites Societal Costs of Trucking
Trucking passes more costs onto society than do other modes of freight transportation, according to a report from the government’s financial investigative agency.
March 1, 2011GovernmentBusiness
Deck Truss Design Recommended for Ore.-Wash. Bridge
State transportation officials in Oregon and Washington are recommending a deck truss design for a new Interstate 5 bridge planned to span the Columbia River between Portland, Ore., and Vancouver, Wash., the Associated Press reported.
March 1, 2011GovernmentBusiness
NAFTA Surface Trade Rises 13.8%
Surface transportation trade among the United States, Canada and Mexico rose 13.8% in December from a year earlier, the Department of Transportation said.
March 1, 2011BusinessFuel
Diesel Leaps 14.3¢ to $3.716 a Gallon; Gasoline Spikes 19.4¢ to $3.383
Diesel jumped 14.3 cents to $3.716 a gallon, its 13th straight weekly gain, while gasoline soared 19.4 cents to $3.383, the Department of Energy said Monday.
March 1, 2011Business
ATA: Research Flawed in FMCSA Study Used to Make Hours-of-Service Changes
A researcher who worked on the scientific studies used by the Federal Motor Carrier Safety Administration in formulating its hours-of-service rules said the agency misapplied those studies’ findings, American Trucking Associations said Monday.
March 1, 2011Business
Construction Spending Falls on Commercial Downturn
Construction spending fell 0.7% in January, led by a drop in commercial projects, the Commerce Department reported Tuesday.
March 1, 2011Business
YRC Reaches Agreement on Restructuring Plan
YRC Worldwide said Monday it signed an agreement in principle with its lenders and the Teamsters union on a proposed restructuring plan that would provide a cash infusion from its creditors who will receive newly issued common stock and notes.
February 28, 2011