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Saudi Arabia Seeks Meeting on Oil Prices

Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.

June 9, 2008

Congress Tackles Splash-and-Dash Loophole Giving Tax Credit for Exported Biodiesel

Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they splash their product with petroleum-based diesel in the United States and then sell it overseas.

June 9, 2008

Mullen Buys Fluid, Oilfield Transport Firm

Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.

June 5, 2008

ISM Services Index Declines in May

An index of the U.S. economys service sector slipped in May from a month earlier but continued to show expansion, the Institute for Supply Management said Wednesday.

June 4, 2008

Collins Introduces Bill to Allow Higher Truck Weights

Sen. Susan Collins (R-Maine) has introduced legislation that would allow trucks to carry up to 100,000 pounds on federal highways when diesel prices are at least $3.50 a gallon.

June 4, 2008

Canadian Provinces Nearing Accord on Speed Limiters, OTA Says

The Ontario Trucking Association said that a joint meeting this week of the Ontario and Quebec government cabinets moved them closer to accord on trucking issues such as implementing speed limiter legislation and allowing for longer combination vehicles.

June 4, 2008

First-Quarter Productivity Upgraded to 2.6%

First-quarter U.S. worker productivity rose 2.6% from the previous quarter, up from an earlier estimate, the Labor Department said Wednesday.

June 4, 2008

Dynamex Reports Improved 3Q Profit

Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit was $3.8 million, or 37 cents a share, up from $3.5 million, or 33 cents, a year earlier.

June 4, 2008

Opinion: A Clearinghouse for Drug and Alcohol Info

Just days after a new report recommended improvements to drug-testing programs that could better identify illegal drug users and keep them off the road, Reps. Jim Oberstar (D-Minn.), John Mica (R-Fla.) and Peter DeFazio (D-Ore.) announced their intention to introduce legislation aimed at establishing a national clearinghouse of positive drug-test results.

June 4, 2008