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Stock Market/Oil Price Two-Step

The new economic Siamese twins, namely the stock market and oil prices, are continuing to rise in lockstep, bringing relief and pain to consumers — and the national economy — simultaneously.

August 17, 2009

Intermodal, Rail Traffic Fall for Week

Intermodal rail traffic in the United States fell 16.6% last week compared with the same week last year, the Association of American Railroads said.

August 14, 2009

FTC Rule Could Result in $1 Mln. Fine for Illegal Manipulation of Fuel Prices

In the face of growing pressure on the federal government to regulate oil markets and trading, the Federal Trade Commission has issued a new rule that could result in fines of up to $1 million if traders or companies are found manipulating fuel markets.

August 17, 2009

Rural Highway System Is Vital to Commerce, S.D. Trucking Executive Tells Senate Panel

Future U.S. economic vitality depends on an adequately funded rural road system that can accommodate heavier trucks, a South Dakota trucking company president told a Senate committee last week.

August 17, 2009

Investor to Acquire 80% Stake in Gainey Reorganization Plan

Gainey Corp., a Michigan fleet seeking to emerge from bankruptcy, has reached agreement with lenders and unsecured creditors on a plan to give an 80% holding in the reorganized company to Arizona investor Najafi Companies.

August 17, 2009

Record Number of Truckers Head to Pittsburgh to Compete in Annual ‘Super Bowl of Safety’

Despite a challenging economic climate, a record number of drivers will participate in the National Truck Driving Championships this week.

August 17, 2009

Oberstar Blasts White House over 18-Month Road Bill Delay

Rep. James Oberstar, chairman of the House Transportation and Infrastructure Committee, accused the White House of running for cover in its push to delay consideration of a new highway bill for 18 months.

August 17, 2009

Diesel Rises 7.5¢ to $2.625

The average retail price of a gallon of diesel in the United States rose 7.5 cents last week to $2.625, the highest level this year, the Energy Department reported.

August 17, 2009

Biodiesel Group Says EPA Rule Threatens Future Production

A proposed U.S. Environmental Protection Agency rule designed to expand biofuel use actually has brought the biodiesel market “to a grinding halt,” because it does not allow most blends of soy oil, according to the National Biodiesel Board.

August 17, 2009