Oil fell to less than $89 a barrel — a two-month low — following a Department of Energy report that showed crude output rose to an almost 16-year high last week, Bloomberg reported.
October 3, 2012Search
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Universal Buys Logistics Firm for $335 Million
Universal Truckload Services said it has completed the purchase of third-party logistics firm LINC Logistics for $335 million.
October 3, 2012Trimble Completes TMW Acquisition
Trimble Navigation Ltd. said it has completed its $335 million acquisition of transportation software provider TMW Systems.
October 3, 2012Arkansas to Vote on Half-Cent Sales Tax Hike for Road Projects
A proposed constitutional amendment on Arkansas’s ballot this November would add a half-cent to the state’s 6-cent sales tax to raise money for transportation.
October 2, 2012M&K Buys Chicago-Area Truck Dealerships
M&K Quality Truck Sales said it has completed the acquisition of four Chicago-area truck sales businesses, giving the company its first presence in the Chicago market.
October 2, 2012Holiday Sales Growth Expected to Slow, National Retail Federation Says
U.S. sales during the holiday season will slow to 4.1% this year, according to the National Retail Federation, due in part to unemployment and political uncertainties, Bloomberg reported Tuesday.
October 2, 2012UPS Study Cites Positive Export Outlook Among U.S. High-Tech Executives
Despite economic uncertainty at home and abroad, U.S. high-tech executives’ confidence in global trade and U.S. exports has grown significantly over the past two years, according a study commissioned by UPS Inc.
October 2, 2012ATRI Study Looks at CSA Scores, Crash Risk
An American Transportation Research Institute study of 471,000 motor carriers’ Compliance, Safety, Accountability data found that CSA percentile scores in two of five categories are “defective” in predicting crash risk.
October 3, 2012Bill Would Allow Veterans Easier Access to CDLs
A bill passed by Congress last month would open up more job opportunities for military veterans by allowing them to obtain commercial driver licenses in the states where they are stationed, even if they are away from home, the bill’s supporters said.
October 2, 2012Construction Spending Drops in August
Construction spending fell in August, the Commerce Department said Monday.
October 1, 2012