ºÚÁϳԹÏÍø

A day after falling more than a dollar a barrel, crude oil prices rose 89 cents Friday to close at $54.43 on the New York Mercantile Exchange, Bloomberg reported.

Oshkosh Truck Corp. said Thursday it had acquired London Machinery Inc., a maker of concrete mixers based in London, Ontario.

J.B. Hunt Transport Services Inc. said it reduced its 2004 profit statement by 19% because it had set aside funds for possible settlement of a tax dispute.

U.S. wholesale inventories rose 1.1% in January to $331.9 billion, the Commerce Department said Thursday.

The Bush administration has recently identified transportation as one of 12 high-growth industry sectors and the focus of the Department of Labor’s High Growth Job Training Initiative.

The number of Americans filing initial applications for unemployment insurance rose by 17,000 to 327,000 for the week ended March 5, the Labor Department reported Thursday.

An oversupply of iron ore may lead to steel price drops, the Wall Street Journal reported Thursday.

Gasoline prices could reach record highs within a month and remain well above $2 a gallon this summer, the Department of Energy said.

Yellow Roadway Corp. may buy back as much as $200 million in stock following its $1.37 billion acquisition of USF Corp., Bloomberg reported Wednesday.