Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve, Bloomberg reported.
May 14, 2008Search
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Oregon Police Ride in Trucks to Nab Unsafe Drivers
Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don’t leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site.
May 14, 2008US1 Reports Higher First-Quarter Profit
Logistics firm US1 Industries said its first-quarter net income improved to $690,000, or 5 cents a share, from $370,000, or 3 cents, a year ago.
May 14, 2008Business Inventories Increase 0.1%
Business inventories rose 0.1% in March, the Commerce Department said Tuesday.
May 13, 2008UPS Orders 200 Hybrid, 300 New CNG Trucks
UPS Inc. said Tuesday it has ordered 200 hybrid electric vehicles for its U.S. delivery fleet, which it said was the largest commercial order of such trucks by any company.
May 13, 2008Wal-Mart’s First-Quarter Profit Jumps 6.9%
Wal-Mart Stores said Tuesday its first-quarter profit jumped 6.9% on higher sales, to $3.02 billion, or 76 cents per share, up from $2.83 billion, or 68 cents per share, a year ago.
May 13, 2008Import Goods Prices Rise 1.8%
The price of goods imported to the United States rose 1.8% in April, led by fuel cost increases, the Labor Department said Tuesday.
May 13, 2008TravelCenters Reports First-Quarter Loss
Truck stop chain TravelCenters of America reported a first-quarter loss of $48.5 million, or $3.41 per share, compared with a loss of $31.7 million, or $1.09, a year ago.
May 13, 2008Retail Sales Fall 0.2% in April
Retail sales declined 0.2% in April, the Commerce Department said Tuesday.
May 13, 2008Ryder Completes Gator Leasing Acquisition
Ryder System said late Monday it has completed its acquisition of Gator Leasing, privately held company based in Miami.
May 13, 2008