Oil fell more than $2.50 to below $69 a barrel Wednesday following a Department of Energy report that showed inventories of crude, gasoline and distillate fuels all rose last week, Bloomberg reported.
September 23, 2009Search
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GM Adds Shifts at Three Plants
General Motors Co. will add a third shift to three plants as the automaker shifts production from plants that will be closed or idled, Bloomberg reported.
September 23, 2009Wednesday Senate Hearing Set for FMCSA Nominee Anne Ferro
The Senate Commerce Committee will review the nomination of Anne Ferro to head the Federal Motor Carrier Safety Administration at a Wednesday afternoon hearing in Washington.
September 23, 2009Peterbilt Delivers Hybrid Truck to House of Representatives
Peterbilt Motors Co. said that it delivered the U.S. House of Representatives its first hybrid truck Wednesday.
September 24, 2009ADS Logistics Makes Chapter 11 Filing
ADS Logistics has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in Delaware, starting the process toward a potential reorganization of the trucking and logistics operator.
September 23, 2009I-20 Reopens in Georgia Following Floods
The Georgia Department of Transportation has reopened Interstate 20 through several counties that were flooded earlier this week, making the highway impassible, the Atlanta Journal-Constitution reported.
September 23, 2009Fed Again Holds Interest Rate at Record Low
The Federal Reserve for a seventh time voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
September 23, 2009FedEx Freight’s Doug Duncan to Retire in February
Doug Duncan, president of FedEx Corp.’s less-than-truckload FedEx Freight unit, will retire in February, the company said in a regulatory filing Tuesday.
September 22, 2009Schneider Expands Regional Service to Midwest, Southeast
Schneider National said Tuesday that it has expanded its regional service to 14 additional states, bringing the total number of states covered under the service to 29.
September 22, 2009YRC Launches New Web Site for Regional Units
YRC Worldwide said Tuesday that it has launched a new Web site combining the services of its three regional transportation units.
September 22, 2009