Oil fell more than $2.50 to below $69 a barrel Wednesday following a Department of Energy report that showed inventories of crude, gasoline and distillate fuels all rose last week, Bloomberg reported.
September 23, 2009BusinessFuelGovernment
FedEx, DHL Express Boost Air Capacity
DHL Express and FedEx Express each said this week they have taken delivery of new, larger freight aircraft.
September 24, 2009GovernmentBusinessSafety
I-20 Reopens in Georgia Following Floods
The Georgia Department of Transportation has reopened Interstate 20 through several counties that were flooded earlier this week, making the highway impassible, the Atlanta Journal-Constitution reported.
September 23, 2009Business
Fed Again Holds Interest Rate at Record Low
The Federal Reserve for a seventh time voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
September 23, 2009GovernmentBusiness
Wednesday Senate Hearing Set for FMCSA Nominee Anne Ferro
The Senate Commerce Committee will review the nomination of Anne Ferro to head the Federal Motor Carrier Safety Administration at a Wednesday afternoon hearing in Washington.
September 23, 2009Business
140-Year-Old Pa. Trucking Firm Closing Doors
A family-run Pennsylvania trucking company that has been in business for 140 years is shutting down its operations, the (West Chester, Pa.) Daily Local News reported Wednesday.
September 23, 2009Business
GM Adds Shifts at Three Plants
General Motors Co. will add a third shift to three plants as the automaker shifts production from plants that will be closed or idled, Bloomberg reported.
September 23, 2009BusinessLogistics
ADS Logistics Makes Chapter 11 Filing
ADS Logistics has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in Delaware, starting the process toward a potential reorganization of the trucking and logistics operator.
September 23, 2009Business
FedEx Freight’s Doug Duncan to Retire in February
Doug Duncan, president of FedEx Corp.’s less-than-truckload FedEx Freight unit, will retire in February, the company said in a regulatory filing Tuesday.
September 22, 2009GovernmentBusiness
FMCSA Chief: Mexico Plan Coming
Rose McMurray, acting head of the Federal Motor Carrier Safety Administration, told Transport Topics the agency was hopeful of finding a resolution to the ongoing trade row between the U.S. and Mexico over longhaul truck access.
September 22, 2009