Crude oil jumped more than $5 a barrel Thursday to close near $128 a barrel, erasing the declines from earlier in the week, and the Energy Department said it would delay scheduled oil deliveries to the Strategic Petroleum Reserve until next spring, Bloomberg reported.
June 4, 2008Business, Safety, Government, Logistics, Fuel
Mullen Buys Fluid, Oilfield Transport Firm
Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.
June 5, 2008Business
Jobless Claims Fall 18,000 for Week
Initial jobless claims fell by 18,000 last week, the Labor Department said Thursday.
June 5, 2008Government, Business, Logistics
Dynamex Reports Improved 3Q Profit
Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit was $3.8 million, or 37 cents a share, up from $3.5 million, or 33 cents, a year earlier.
June 4, 2008Business, Fuel
Oil Jump Erases Week’s Declines
Business, Government
Collins Introduces Bill to Allow Higher Truck Weights
Sen. Susan Collins (R-Maine) has introduced legislation that would allow trucks to carry up to 100,000 pounds on federal highways when diesel prices are at least $3.50 a gallon.
June 4, 2008Business, Safety, Fuel
ATA Backs Oil-Market Investigation
American Trucking Associations said Wednesday that it supports the U.S. Commodity Futures Trading Commission for taking steps toward increasing transparency of the energy futures markets.
June 4, 2008Business, Safety, Government
ISM Services Index Declines in May
An index of the U.S. economy’s service sector slipped in May from a month earlier but continued to show expansion, the Institute for Supply Management said Wednesday.
June 4, 2008Business, Safety, Fuel, Government
Letters to the Editor: Fuel-Protests, Fuel-Intermodal, Fuel-Surcharges, Troopers in Trucks, Border Pilot Program
The only way fuel prices will ever come back down to reasonable levels is for our nation’s truckers to park their rigs for three to seven days. Even drivers for major companies would need to park and refuse to drive.
June 4, 2008Business, Fuel
Oil Declines to $122 a Barrel
Crude oil continued its recent slide Wednesday, falling $2 to close at $122.30 a barrel on the New York Mercantile Exchange, Bloomberg reported.
June 4, 2008Government, Business, Safety
FMCSA Warns About Anti-Smoking Drug Chantix
The Federal Motor Carrier Safety Administration has issued an advisory warning that the popular prescription smoking-cessation drug Chantix may adversely affect commercial drivers’ ability to operate their vehicles safely.
June 4, 2008