Crude oil futures spiked $1.43 to close the week at $73.93 a barrel on the New York Mercantile Exchange, the highest price in almost a year, Bloomberg reported Friday.
July 13, 2007Business, Government, Fuel
Crude Oil Closes Week Near $74 a Barrel
Government, Business, Logistics
BAX Sets U.S.-Canada Service
Airfreight company BAX Global and sister company Schenker, a logistics firm, said they are offering a new overnight ground service between the United States and Canada.
July 13, 2007Business, Government
July Consumer Sentiment Index Rises
U.S. consumer confidence rose this month to the highest level since October, according to the University of Michigans monthly consumer sentiment index released Friday.
July 13, 2007Business, Government
Business Inventories, Sales Gain
U.S. business inventories rose 0.5% in May as sales rose, the Commerce Department said Friday.
July 13, 2007Business, Government
June Retail Sales Fall 0.9%
Retail sales fell 0.9% in June, the Commerce Department said Friday.
July 13, 2007Fuel, Business, Government
Import Prices Rise 1% in June
The price of goods imported to the United States rose for a fifth straight month in June, on higher fuel costs, the Labor Department reported Friday.
July 13, 2007Government, Business, Safety, Fuel, Logistics
Standards Group Fails to Pass Hot Fuel Reform
A measure that would have set standards for hot fuel fell just short of passage at a meeting of the National Conference on Weights and Measures, the Kansas City Star reported.
July 12, 2007Business, Government, Fuel
Florida Sets Plan to Limit Emissions
Florida Gov. Charlie Crist (R) said is set to sign an order that would match Californias standards for greenhouse gas emissions from automobiles, the Washington Post reported Thursday.
July 12, 2007Business, Logistics, Government
New Freight Rail Line to Serve Michigan, Indiana
A new freight rail line, Michigan Central Railway, will start freight rail service in Michigan and Indiana next year, the company said Thursday.
July 12, 2007Business, Fuel, Safety, Government
U.S., China Sign Air Pact
The United States and China have signed an aviation agreement that will significantly increase passenger and cargo flights between the two countries, the Department of Transportation said.
July 12, 2007