A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.
May 10, 2007Business
Express-1’s 1Q Income Gains
Express-1 Expedited Solutions said Thursday it earned $460,000 or 2 cents a share in the first quarter, compared with $557,000 or 2 cents last year.
May 10, 2007Business, Government, Safety, Fuel
Feds Probing Oil-Trading Practices
Federal regulators are looking into possible manipulation of crude oil prices by after-hours trading practices, the Wall Street Journal reported Thursday.
May 10, 2007Business, Government, Logistics
U.K. Hedge Fund Seeks Rail Returns
Business, Government
April Import Prices Rise 1.3%
The price of goods imported to the United States rose 1.3% in April in a third straight gain, the Labor Department said Thursday.
May 10, 2007Business
Jobless Claims Fall by 9,000
Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.
May 10, 2007Business, Fuel, Government
Oil Falls as Inventories Rise
Crude oil futures prices fell to their lowest level in seven weeks Wednesday following an Energy Department report that showed inventories rose last week.
May 9, 2007Business, Safety, Government
Safety & Security Briefs
May 9, 2007
Business
Fed Holds Interest Rate at 5.25%
For a seventh straight time, the Federal Reserve Wednesday voted to keep the benchmark U.S. interest rate at 5.25%.
May 9, 2007Business, Safety, Government
Senator Seeks Stricter Rules for Hazmat Drivers
Sen. Barbara Boxer (D-Calif.) has asked the Department of ºÚÁϳԹÏÍøland Security to come up with stronger guidelines for truckers who transport gasoline and other hazardous materials, the Associated Press reported.
May 9, 2007Business
NPTC Continues to Back Longer Combination Vehicles
May 9, 2007