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The price of crude oil closed at $64.08 a barrel on the New York Mercantile Exchange Friday, down 5.2% from post-storm highs the week before, but analysts were still concerned about future supplies, Bloomberg News reported.

President Bush signed a $51.8 billion emergency appropriation to fund the recovery and relief efforts in the wake of Hurricane Katrina, Bloomberg News reported.

Click here to write a Letter to the Editor. .S. railroad freight traffic rose for week ended Sept. 3 despite damage caused to rail lines by Hurricane Katrina, the Association of American Railroads said.

Total air cargo shipments dropped 1.7% in July compared with a year earlier, with domestic shipments falling by 5%, the Air Transport Association said late Thursday.

Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>Many trucking companies based in — or operating in — Ohio could see their annual income tax liability increase significantly because of a new state tax law that is replacing the corporate franchise tax with a gross receipts tax, trucking officials said.

Hurricane Ophelia was downgraded to a tropical storm by the National Hurricane Center Friday, but forecasters said it would regain hurricane status and could strike the U.S. as soon as next week, the Associated Press reported.

Click here to write a Letter to the Editor. rude oil prices continued to fall Thursday as oil and gasoline inventories last week dropped less than analysts had expected, Bloomberg reported.

Click here to write a Letter to the Editor. urricane Katrina could lead to the loss of 400,000 jobs, cut economic growth by as much as a 1% this year and result in a 40% spike in gasoline prices, according to a report by the Congressional Budget Office issued Wednesday.

Inventories at U.S. wholesalers fell 0.1% in July, the Commerce Department said Thursday, turning around 17 straight rises in stockpiles.

Click here to write a Letter to the Editor. merican Trucking Associations has asked the U.S. Department of Energy to direct the Energy Information Administration to report fuel prices twice weekly until fuel price volatility eases.