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Philadelphia Factory Index Rises in June

Manufacturing levels in the Philadelphia area rose this month, the Federal Reserve Bank of Philadelphia said Thursday.

June 21, 2007

Senate Panel Backs Alternative Fuel Tax Breaks

A Senate committee approved $28 billion in tax breaks Tuesday to underwrite renewable fuels and “clean coal” technology, but the full Senate cut back provisions that would greatly expand diesel fuel made from coal, the New York Times reported.

June 20, 2007

FTC Clears $7.4 Billion Chrysler Sale

Federal antitrust regulators cleared a private-equity firm’s $7.4 billion purchase of Chrysler from DaimlerChrysler, the Associated Press reported.

June 20, 2007

Coalition Criticizes FMCSA Over Mexican Trucks Plan

A coalition of groups led by Public Citizen and the Teamsters union said Wednesday that the Department of Transportation was ignoring federal safety laws in implementing a pilot program that would allow Mexican trucks to travel throughout the United States.

June 20, 2007

N.Y. Gov. Sees Passage of Congestion Fee

A proposed plan to charge fees on vehicles entering New York’s business district could win approval from state lawmakers as soon as Thursday, according to Gov. Eliot Spitzer, Bloomberg News reported.

June 19, 2007

Oil Rises to Nine-Month High, Nearing $70 a Barrel

Crude oil futures rose to a nine-month high Tuesday, closing at $69.10 a barrel, the highest New York Mercantile Exchange closing price since Sept. 1, Bloomberg reported.

June 19, 2007

Democrats Demand Action on ‘Hot’ Fuel

WASHINGTON — Congressional Democrats said steps need to be taken to ensure that U.S. consumers are not getting shortchanged by “hot” fuel, but representatives of the fuel retailing industry said adjusting sales by temperature was unnecessary and would hurt small businesses.

June 18, 2007

Analyst Lowers 2Q Outlook

An analyst with Stifel, Nicolaus & Co. lowered the second-quarter and full-year earnings estimates on 13 freight companies — including 12 trucking companies — citing continued softness in the transportation market, the Associated Press reported.

June 18, 2007

Diesel Rises 1.3¢ to $2.805; Gas Falls to Just Over $3

Diesel fuel’s national average retail price rose 1.3 cents $2.805 a gallon, while gasoline fell 6.7 cents but remained just over $3, the Department of Energy said Monday.

June 19, 2007