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Oil Jumps on Rita Concerns; OPEC May Raise Output

Click here to write a Letter to the Editor. rude oil futures jumped $4.39 — a one-day record increase — to $67.39 a barrel Monday following reports of a potential new hurricane, currently Tropical Storm Rita, which could disrupt Gulf of Mexico oil production later this week, news services reported.

September 19, 2005

OPEC May Not Boost Crude Oil Output Levels

OPEC may maintain current crude oil production levels and wait for increased demand before pumping more oil, Bloomberg reported Monday.

September 19, 2005

CNF Reiterates Third-Quarter Guidance

Click here to write a Letter to the Editor. NF Inc. said late Thursday that it continues to expect its third-quarter earnings from continuing operations to be between $1 and $1.08 per share, the same as its previous guidance issued in July.

September 16, 2005

Consumer Sentiment Index Plummets Following Katrina

Click here to write a Letter to the Editor. he University of Michigan’s preliminary consumer sentiment index for September fell to 76.9 from 89.1 in August, the biggest one-month drop since 1980.

September 16, 2005

Polar Air Cargo Pilots Go on Strike

Polar Air Cargo crewmembers went on strike early Friday, the company and the union representing its workers said in separate statements.

September 16, 2005

David Oren to Become Dart Transit's President

Dart Transit Co. said Thursday that David Oren will become the company’s president effective Oct. 1. Current president Donald Oren will become chairman of the company’s board.

September 16, 2005

Gulf Oil Production Could Rebound by Late October

Click here to write a Letter to the Editor. .S. oil and natural gas production could be back at pre-Hurricane Katrina levels by the end of October but it will take even longer for that production to make it to market, Reuters reported Friday.

September 16, 2005

Crude Oil Prices Continues to Slide on Weaker Demand

Click here to write a Letter to the Editor. rude oil prices fell for the fifth day in six on signs that higher prices are slowing global demand, Bloomberg reported.

September 16, 2005

Philadelphia Fed's Manufacturing Index Drops

Manufacturing growth in the Philadelphia area fell more than expected this month, the Federal Reserve Bank of Philadelphia said Thursday.

September 15, 2005

Yellow Roadway Finalizes China Freight-Forwarding Venture

Yellow Roadway Corp. said Thursday it had finalized formation of the China-based freight forwarding venture it first announced in June.

September 15, 2005