Oil closed at over $80 a barrel for the first time in more than a week, following a Department of Energy report showing that fuel inventories fell last week, Bloomberg reported.
November 4, 2009Search
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Fed Again Holds Interest Rate at Record Low
Federal Reserve governors voted for an eighth consecutive time Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
November 4, 2009Expeditors’ Third-Quarter Income Falls 33%
Logistics firm Expeditors International of Washington said Tuesday its third-quarter net income fell 33% to $57.8 million, or 27 cents a share, from $85.6 million, or 39 cents, a year ago.
November 3, 2009Factory Orders Rise for Fifth Time in Six Months
U.S. factory orders rose 0.9% in September for the fifth gain in six months, the Commerce Department said Tuesday.
November 3, 2009Wabash to Close Illinois Plant
Trailer maker Wabash National Corp. said Tuesday that it will sell its Anna, Ill., plant and consolidate operations into its Cadiz, Ky., plant.
November 3, 2009William Logue to Succeed Doug Duncan at FedEx Freight
FedEx Corp. said Tuesday that William Logue will succeed Doug Duncan as president of FedEx Freight, the company’s less-than-truckload division.
November 3, 2009Navistar Acquires Engine Parts Business
Navistar Inc. said that it has acquired certain assets of Continental Diesel Systems US.
November 3, 2009Oshkosh Reports 4Q Profit, Full-Year Loss
Specialty truck maker Oshkosh Corp. said Tuesday its fiscal fourth-quarter profit improved but it lost money for its full year.
November 3, 2009Berkshire Hathaway to Buy BNSF for $100/Share
Berkshire Hathaway Inc., controlled by billionaire Warren Buffett, said Tuesday it will buy freight railroad Burlington Northern Santa Fe Corp. for $100 a share, in a transaction worth about $44 billion.
November 3, 2009DOT to Rewrite HOS Rule After Groups Suspend Suit
The Department of Transportation last week said it will withdraw its controversial driver hours-of-service rule and write new regulations as part of a deal in which a coalition of advocacy groups agreed to suspend its federal lawsuit challenging the rule.
November 2, 2009