Crude oil fell more than $5 to below $66 a barrel Wednesday following an Energy Department report that showed an unexpected increase in gasoline inventories last week, Bloomberg reported.
November 5, 2008BusinessEquipment
Accuride Reports Big 3Q Loss
Commercial vehicle component maker Accuride Corp. said Thursday it lost $201.2 million, or $5.67 per share, in the third quarter, compared with a loss of $1.9 million, or 5 cents, a year ago.
November 6, 2008Business
Jobless Claims Fall for Week
Initial jobless claims slipped last week to 481,000, from a revised 485,000 the previous week, the Labor Department said Thursday.
November 6, 2008Business
Express-1’s Third-Quarter Profit Jumps
Express-1 Expedited Solutions said Thursday its third-quarter income jumped to $1.16 million, or 4 cents a share, from $500,000, or 2 cents, a year ago.
November 5, 2008BusinessGovernment
Obama Eyes Infrastructure Spending to Stimulate Economy
President-elect Barack Obama may put spending on roads and bridges at the top of his agenda for stimulating U.S. economic growth, Bloomberg reported Wednesday.
November 5, 2008BusinessGovernment
Ohio Carriers Protest Hikes in Overweight-Truck Fees
Trucking firms and agriculture interests, along with the City of Toledo, Ohio, are protesting a big hike in state fees for overweight vehicles, the Toledo Blade newspaper reported Wednesday.
November 5, 2008BusinessSafetyGovernment
ISM Services Index Slips Into Contraction
The U.S. economy’s service sector declined in October, the Institute for Supply Management said Wednesday.
November 5, 2008BusinessSafetyGovernmentFuel
Letters to the Editor: LTL Reweighing; DOE’s Fuel Surveys; TWIC: Why Bother?; Limit Cars, Not Rigs; Goodbye, California
The letter writer who commented on less-than-truckload reweighing in the Oct. 13 issue of Transport Topics has led a sheltered experience in the trucking industry.
November 5, 2008Business
Con-way to Close 40 Terminals
Con-way Inc. said it will close 40 truck terminals to streamline its operations and save $30 million to $40 million per year.
November 4, 2008GovernmentBusinessSafetyLogistics
Expeditors’ 3Q Income Improves
Logistics firm Expeditors International of Washington said its third-quarter net income rose 15% to $85.5 million, or 39 cents a share, from $74.3 million, or 34 cents, a year ago.
November 4, 2008