Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007Government
Trade Deficit Narrows in September
The U.S. trade deficit shrank by 0.6% in September as the weakening U.S. dollar helped push exports to a record for a seventh straight month, the Commerce Department said Friday.
November 9, 2007BusinessFuelLogisticsGovernment
Editorial: Still Missing a National Fuel Policy
The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.
November 9, 2007BusinessGovernment
Fed Chief Warns on 4Q Slowdown
Federal Reserve Chairman Ben Bernanke said the U.S. economy is likely to “slow noticeably” this quarter while high commodity prices and a weaker dollar may stoke inflation “for a time,” Bloomberg News reported Thursday.
November 8, 2007BusinessSafetyGovernment
Bill Davis Trucking Files Bankruptcy
Bill Davis Trucking, a truckload carrier based in Batesville, Ark., filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Act late last month.
November 8, 2007BusinessGovernment
Wholesale Inventories Rise 0.8%; Sales Jump 1.3%
Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.
November 7, 2007BusinessSafetyGovernment
House Panel Approves $2 Bln. to Toughen Bridge Inspection Standards
WASHINGTON — The House Transportation and Infrastructure Committee last week approved a $2 billion plan to toughen bridge inspection standards and limit states’ ability to spend federal bridge funds on other projects.
November 7, 2007BusinessSafetyGovernmentLogistics
Mullen’s Third-Quarter Income Gains
Canadian transportation firm Mullen Group Income Fund’s third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.
November 7, 2007BusinessSafetyGovernmentLogistics
Pacer’s President Steps Down; Orris to Take Intermodal Post
Transportation and logistics firm Pacer International said Wednesday that its president, Tom Shurstad, is leaving the company and that its retired chief executive officer, Don Orris, will become president of its intermodal segment.
November 7, 2007GovernmentBusinessSafety
Third-Quarter Productivity Jumps 4.9%
U.S. worker productivity rose at an annual rate of 4.9% in the third quarter, the most in four years, the Labor Department said Wednesday.
November 7, 2007