Crude oil rose to a record closing price of $78.23 a barrel Tuesday on speculation that OPEC’s agreement to boost production by 500,000 barrels a day will fall short of rising demand, Bloomberg reported.
September 11, 2007Search
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Senate OKs $1 Billion for Bridge Repairs
The Senate Monday approved $1 billion to repair and replacement U.S. bridges, six weeks after the Interstate 35W span collapsed in Minneapolis, the Associated Press reported late Monday.
September 11, 2007Diesel Prices to Peak This Month, DOE Says
Retail diesel prices will peak this month before beginning a slow decline through the end of the year, the Energy Department said Tuesday.
September 11, 2007APM Opens Va. Deep-Water Container Terminal
APM Terminals Virginia opened its new $450 million, 291-acre container terminal Friday in Portsmouth, Va., the company said.
September 10, 2007Mexican Trucks Move Past Border Zone
Mexican trucks delivered goods beyond a border region of the U.S. for the first time this weekend, under a test program by the two governments, Bloomberg reported Sunday.
September 10, 2007Judge Dismisses Navistar’s Engine Suit Against Ford
Ford Motor Co. said an Illinois judge dismissed a lawsuit by Navistar International Corp. over diesel engines Navistar supplies for Ford’s pickup trucks, Bloomberg reported.
September 10, 2007Menlo to Buy Chinese Logistics Firm
Con-way Inc.’s logistics unit Menlo Worldwide said Sunday it signed an agreement to purchase the privately held parent company of a Chinese logistics firm for $60 million.
September 10, 2007Global Trade Expansion Challenges Logistics Firms to Improve
As the volume of world trade continues to grow, shippers and third-party logistics companies are looking for ways to better manage the flow of goods coming into and out of the United States.
September 10, 2007ATA Seeks Hours-of-Service Reprieve
With less than two weeks left before a federal appeals court ruling goes into effect nullifying key parts of the driver hours-of-service rule, American Trucking Associations asked the court and the Federal Motor Carrier Safety Administration to temporarily maintain current driver hours.
September 10, 2007DOT Sets Funding Plan for Highway ‘Corridors of the Future’
The Department of Transportation said Monday that six major interstate routes will be the first to participate in a new federal initiative called “Corridors of the Future” to develop multi-state corridors to help reduce congestion.
September 10, 2007