Oil fell 78 cents Friday to close the week at $46.25 a barrel on the New York Mercantile Exchange, about $6 higher than the start of the month, Bloomberg reported.
March 13, 2009Search
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Import Prices Drop 0.2%
The price of goods imported to the United States fell for a seventh straight month in February on lower commodity costs, declining 1.1%, the Labor Department said Friday.
March 13, 2009Consumer Confidence Index Rises
U.S. consumer confidence rose slightly this month, but still remains near a 28-year low, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Friday.
March 13, 2009Trimac’s 4Q Profit Improves
Canada-based transportation firm Trimac Income Fund said its fourth-quarter profit rose to C$3 million, or 11 cents per unit, from C$2.2 million, or 9 cents, a year ago.
March 13, 2009Hours Rule Meets ‘Groundhog Day’
In a scenario eerily reminiscent of the Bill Murray movie “Groundhog Day,” a coalition of interest groups has again launched a formal legal challenge to the government’s hours-of-service rules for commercial drivers.
March 16, 2009EPA Rule Would Track Emissions as First Step to Cap-and-Trade
The U.S. Environmental Protection Agency last week took the first step toward creating a national cap-and-trade system, proposing a new rule that would establish a federal system for reporting carbon dioxide emissions and other greenhouse gases produced by large stationary and mobile sources.
March 16, 2009Navistar Posts Profit in 1Q
Navistar International Corp. made money during the three months ended Jan. 31, but Volvo AB reported a loss for the fourth quarter last year, the two original equipment manufacturers said last week.
March 16, 2009Obama Signs Law Ending Mexican Truck Plan but Seeks New Legislation to Open Border
President Obama signed legislation last week that killed the Transportation Department’s controversial test of longhaul cross-border trucking with Mexico, but the administration signaled it was open to resurrecting a program in the future.
March 16, 2009February Truck Layoffs Hit 33,400; Jobs at Lowest Level Since ’96
Job losses in the trucking sector continued to mount in February as trucking firms had the most layoffs in history for a month without strikes.
March 16, 2009Diesel Declines 4.2¢ to $2.045; Gas Rises
The U.S. retail diesel fuel average dropped 4.2 cents last week to $2.045 a gallon, as the price in the Midwest fell below $2, the first time that has occurred anywhere in more than four years, the Department of Energy reported.
March 16, 2009