Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007Business, Logistics, Fuel, Government
Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007Business, Government, Fuel
Oil Closes Week at Record $95.93 a Barrel
Business
Mack, UAW Extend Contract to December
Mack Trucks and the United Auto Workers have agreed to extend the terms of union contracts that were to have expired at midnight Wednesday, the Associated Press reported.
November 2, 2007Business
Unemployment Rate Holds at 4.7%
U.S. payrolls rose in October and the unemployment rate held at 4.7%, the Labor Department said Friday.
November 2, 2007Business
Freightliner Moving 340 Jobs to East Coast
Freightliner LLC said Thursday that it will transfer 340 sales, marketing and customer support jobs from its corporate headquarters in Portland, Ore., to South Carolina, in order to be closer to its customers and production facilities.
November 1, 2007Business, Safety
Intermodal Levels Fall for Week
Rail traffic rose slightly, but intermodal traffic continued a downward trend in falling for the week ended Saturday from the same week last year, the Association of American Railroads said Thursday.
November 1, 2007Business, Safety, Government
ISM Factory Index Falls in October
The Institute for Supply Management’s manufacturing index declined in October, ISM said Thursday.
November 1, 2007Business
Oshkosh Truck’s 4Q Profit Surges
Specialty truck maker Oshkosh Truck Corp.’s fiscal fourth-quarter profit soared 74%, the company said Thursday.
November 1, 2007Business, Logistics
Wabash National’s 3Q Earnings Fall
Trailer maker Wabash National Corp. said its third-quarter profit fell to $3.8 million or 12 cents a share, from $5 million or 15 cents a year ago.
November 1, 2007Business, Fuel
Oil Continues to Soar; Tops $96 in Intraday Trading
Crude oil continued to soar, rising to more than $96 a barrel early Thursday, following Wednesday's Energy Department report that showed lower supplies, Bloomberg reported.
November 1, 2007