Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Search
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Fed Considered More Asset Purchases, Minutes Show
Federal Reserve officials said at their meeting last month that the Fed may need to boost its purchases of assets to secure a stronger economic recovery, though policymakers agreed to hold off on such a move.
May 20, 2009CEVA Logistics Awarded Contract with Powerwave
CEVA Logistics has been awarded a contract to handle forwarding services for U.S.-based wireless technology company Powerwave Technologies, Ceva said.
May 19, 2009U.S. Vehicle Miles Traveled Fell 1.2% in March
U.S. motorists drove 1.2% fewer miles in March than a year earlier, the Federal Highway Administration said Wednesday.
May 20, 2009C.R. England Adds myLogistics Software
C.R. England said that it has implemented myLogistics software in its dedicated division, giving the logistics company better ability to bid for contracts, among other features.
May 20, 2009Radiant Logistics to Buy Back Stock
Radiant Logistics said that it will repurchase up to 5 million shares of its common stock through 2010.
May 20, 2009Housing Starts Plunge 13% to Record Low
New housing starts plunged 13% to a record low in April, the Commerce Department said Tuesday.
May 19, 2009Opinion: Freight Broker Liability
Against the backdrop of a recent multimillion-dollar verdict against one of the world’s largest freight brokers, now is a good time for freight brokers across this country to review their procedures to reduce exposure to similar liability.
May 19, 2009ATA Files Appeal in SoCal Ports Case
American Trucking Associations has filed an appeal with the Ninth Circuit Court of Appeals, claiming that a lower court did not follow the circuit court's directions in granting an injunction in its continuing fight with the ports of Los Angeles and Long Beach, the Long Beach Press-Telegram reported.
May 19, 2009Daimler Gives Schneider Trucks With 2010-Compliant Engines
The two main truck and engine companies of Daimler Trucks North America said they have provided truckload carrier Schneider National with two more test tractors powered by 2010-compliant diesel engines.
May 18, 2009