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May 9, 2007

Oil Falls as Inventories Rise

Crude oil futures prices fell to their lowest level in seven weeks Wednesday following an Energy Department report that showed inventories rose last week.

May 9, 2007

Senator Seeks Stricter Rules for Hazmat Drivers

Sen. Barbara Boxer (D-Calif.) has asked the Department of ºÚÁϳԹÏÍøland Security to come up with stronger guidelines for truckers who transport gasoline and other hazardous materials, the Associated Press reported.

May 9, 2007

Quality Reports 1Q Loss

Tank truck carrier Quality Distribution reported a first-quarter loss of $95,000 or zero cents a share, compared with earning $4.5 million or 23 cents a year ago.

May 8, 2007

Atlas Air Turns 1Q Profit

Air cargo company Atlas Air Worldwide Holdings said it earned $6.2 million or 29 cents a share in the first quarter, turning around a loss of $3.7 million or 18 cents a year ago.

May 8, 2007

Senate Panel Sets Mileage Bill To Include Heavy Trucks

A Senate panel approved a measure that would boost automobile fuel-economy standards and set mileage standards for heavy trucks for the first time, the Wall Street Journal reported Wednesday.

May 9, 2007

Midwest Sees Extensive Flooding

Heavy rains from an already deadly storm system caused extensive floods in Missouri as Midwest waterways rose to levels not seen in 14 years, the Associated Press reported Tuesday.

May 8, 2007

Wholesale Sales Jump 1.8%

Sales at U.S. wholesalers jumped 1.8% in March, the fastest pace in a year and a half, the Commerce Department said Tuesday.

May 8, 2007

Diesel Price to Drop, DOE Says

Retail diesel prices for 2007 will peak this month at $2.92 a gallon before gradually declining every month through the end of the year, the Department of Energy said.

May 8, 2007