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Oil rose past $82 a barrel Wednesday following an OPEC statement that world demand is rising, though the group said it would hold output levels steady, Bloomberg reported.

Logistics firm US 1 Industries said it had a fourth quarter net loss of $2.1 million, or 15 cents a share, compared with a profit of $582,000, or 4 cents a share, a year earlier.

Prices paid to U.S. producers fell 0.6% in February, the Labor Department said Wednesday.

Swift Transportation Co. has ordered 3,100 dry van trailers from Wabash National Corp., with deliveries scheduled to be spread over 12 months, the companies said.

I’ve just returned from my third trip to China in the past five years and continue to be amazed by — and envious of — the high-growth economy there.

The Petroleum Equipment Institute is conducting a survey to ascertain the extent of corrosion in petroleum-dispensing equipment that stores ultra-low-sulfur-diesel fuel.

Schneider National said it has fitted about one-quarter of its 12,000 tractors with new onboard computers in a fleetwide rip-and-replace that, for the first time, will bring graphical navigation and electronic driver logs to every truck.

President Obama signed a jobs bill into law Thursday that will give a $20 billion infusion to highway and transit programs, following the Senate’s approval of the measure in a 68-29 bipartisan vote Wednesday, the Associated Press reported.

Third-party logistics firm Ozburn-Hessey Logistics said that it has hired Greg Sanders as president of transportation services within its North American unit.

The price of goods imported to the United States fell in February for the first time in seven months, the Labor Department said Tuesday.