Oil prices reached a new record Friday near $128 a barrel and the Department of Energy said it would suspend shipments to nation’s Strategic Petroleum Reserve, the Associated Press reported.
May 16, 2008Fuel, Business
UPS Places Large Order for Alternative-Fuel Trucks
UPS Inc. last week announced a major increase in its investment in alternative-fuel vehicles, saying it has ordered 200 diesel-electric hybrid delivery vans and 300 vans powered by compressed natural gas.
May 19, 2008Business, Fuel, Government
Rendell Says He’s Close to Deal to Lease Pennsylvania Turnpike
With the fate of a proposal to toll Interstate 80 still up in the air, Pennsylvania Gov. Ed Rendell (D) said his administration was close to finishing a plan to privatize the 524-mile Pennsylvania Turnpike, last week taking bids from investors that could provide the state about $12 billion.
May 19, 2008Fuel, Business, Government
Fuel Prices Skyrocket
Retail fuel prices around the nation soared last week, setting new records for diesel and gasoline, according to the Department of Energy’s weekly survey of filling stations.
May 19, 2008Business, Fuel, Government
Crude Sets Record Near $128; DOE Suspends SPR Shipments
Government, Business, Safety
L.A. Port Votes to Ban Owner-Operators by 2013
Port of Los Angeles officials voted late Thursday to ban independent truck drivers from the port by the end of 2013, the Long Beach Press-Telegram reported Friday.
May 16, 2008Business, Government
Consumer Confidence Hits 28-Year Low
U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 16, 2008Government, Business
Housing Starts Jump 8.2% in April
New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.
May 16, 2008Business
Quality Distribution Names Thomas White Chairman
Tank truck carrier Quality Distribution named Thomas White its new chairman, the company said late Thursday.
May 16, 2008Business, Safety
ATA to Manage Distribution & LTL Carriers Association
American Trucking Associations said Thursday it has assumed management of the Distribution & LTL Carriers Association, which represents for-hire trucking companies engaged in less-than-truckload freight shipments and warehousing.
May 15, 2008Business
Trailer Bridge Reports 1Q Loss
Trailer Bridge Inc. said late Thursday it lost $1.8 million, or 15 cents a share, in the first quarter, compared with earning $1.3 million, or 11 cents, a year ago.
May 15, 2008