Oil finished the trading day Friday over $76 a barrel, gaining about $4 in the past week led by high diesel demand, Bloomberg reported.
July 9, 2010Business
Pilot, Flying J Ready to Merge After Plan Clears Final Hurdles
Pilot Corp. and Flying J Inc. said they are preparing to integrate their massive network of interstate truck stops after reaching several agreements that should allow their proposed merger to move forward.
July 12, 2010BusinessFuel
Diesel Drops 3.2¢ to $2.924 a Gallon
The U.S. retail diesel average dipped 3.2 cents to $2.924 last week, the seventh decline in eight weeks, the Department of Energy reported.
July 12, 2010BusinessEquipment
Cummins to Invest $100 Million in Indiana Engine Plant
Cummins Inc. said Friday it plans to invest about $100 million to expand its high-horsepower engine plant in Seymour, Ind., to add more lines of clean-diesel and natural gas engines in the future.
July 9, 2010Business
FMCSA Sends HOS Proposal to DOT for Review
The Federal Motor Carrier Safety Administration sent its new hours-of-service proposal to Transportation Secretary Ray LaHood’s office for review in late June, according to a Department of Transportation report issued early this month.
July 9, 2010Business
Wholesale Inventories Rise in May
Wholesale inventories rose 0.5% in May, while sales fell, the Commerce Department said Friday.
July 9, 2010BusinessGovernmentLogistics
Clerks Strike at Ports of L.A., Long Beach
Officials with the Port of Los Angeles and Long Beach said shipping terminals were open and operating this week during negotiations between terminal operators and a striking shipping clerks union.
July 9, 2010BusinessLogistics
Intermodal Traffic Jumps 36.6% for Week
Intermodal rail traffic jumped 36.6% last week compared with a year ago, the Association of American Railroads said.
July 9, 2010BusinessLogisticsEquipment
Great Dane President Phill Pines to Retire at End of Year
Great Dane Trailers president and chief operating officer Phill Pines will retire at the end of this year after more than 50 years in the trailer industry, the company said Thursday.
July 8, 2010Business
Maersk Raises Forecast as Container Demand Picks Up
A.P. Moeller-Maersk raised its profit forecast, saying its container line, the world’s largest, recovered faster than anticipated as freight prices have returned to levels before the global financial crisis, Bloomberg reported.
July 8, 2010