Crude oil prices reached another record close on Thursday, passing the $102 a barrel mark as investor flocked to commodities as a hedge against the falling dollar, Bloomberg News reported.
February 28, 2008Search
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Initial Claims Rise by 19,000 for Week
Initial jobless claims increased by 19,000 for the week ended Saturday, the Labor Department said Thursday.
February 28, 2008Fourth-quarter GDP Grew at 0.6% Rate
The U.S. economy expanded at a 0.6 % annual growth rate in the fourth quarter, unchanged from last month’s preliminary estimate, according to a revised figure issued Thursday by the Commerce Department.
February 28, 2008Fleets Urge FMCSA to Keep 11th Hour, 34-Hour Restart
Several large trucking fleets have urged the Federal Motor Carrier Safety Administration to retain the 11th hour of driving and the 34-hour restart in its hours-of-service regulations, saying those provisions have improved highway safety and given drivers the flexibility to adjust to unexpected delays.
February 27, 2008Oil Soars Past $102; Fuel Prices Seen Straining Economy
Crude oil rose to more than $102 barrel in early trading Wednesday, the first time it has topped that level, Bloomberg reported.
February 27, 2008Durable Goods Orders Fall 5.3%
Durable goods orders fell 5.3% in January, the Commerce Department said Wednesday.
February 27, 2008New York Court Upholds Federal Liability Law
The New York Supreme Court earlier this month upheld the constitutionality of the 2005 Graves Amendment, a federal law that eliminates vicarious liability nationwide.
February 25, 2008DOT Seeks Rail Safety Improvements
The Department of Transportation said it is seeking to reduce common mistakes that result in nearly half of all human factor-caused train accidents.
February 25, 2008Letters to the Editor: Hours of Service, Hard Questions, Fuel Discounts
After spending more than 32 years in this industry, nothing really surprises me anymore. However, with regards to all the political groups who seem to know more about our industry than we do, their members are probably the first to complain when the new stove, washer-dryer, etc., isn’t delivered on time.
February 27, 2008Contrans’ 4Q Profit Dips Slightly
Canadian firm Contrans Income Fund said Wednesday its fourth-quarter income was C$7.5 million, or 31 cents per unit, compared with C$7.8 million, or 31 cents, a year ago.
February 27, 2008