Regulators Considering Tighter Oil-Market Rules
U.S. and European regulators are considering stricter rules on speculation in oil markets due to concerns that sharp rises in fuel prices could worsen the global recession, the Wall Street Journal reported Wednesday.
July 8, 2009DOE Boosts ’09-’10 Fuel Price Outlook
The Energy Department Tuesday boosted its price forecasts for diesel, gasoline and crude oil for this year and 2010.
July 7, 2009Virginia to Close 18 Rest Areas This Month
The Virginia Department of Transportation will close 18 of the state’s highway rest areas later this month, but the truck parking spaces lost will be replaced at other rest areas, the Associated Press reported.
July 7, 2009Quiet Logistics Expands Kiva System Capacity
Third-party logistics firm Quiet Logistics has tripled the capacity in its Kiva Mobile Fulfillment System in less than six months, Kiva said.
July 7, 2009Diesel Falls 1.4¢ to $2.594
Diesel fuel’s national average price fell 1.4 cents to $2.594 a gallon, its second straight decline following almost two months of increases, the Energy Department said.
July 7, 2009Eaton Combines Auto, Truck Units
Vehicle parts manufacturer Eaton Corp. said it is combining its auto and truck groups into one operating unit.
July 7, 2009Opinion: Take Heed to Safety’s Early Adopters
Every industry has its early adopters and its bellwethers — companies and executives who embrace new technologies and philosophies long before most of their competitors are willing to move.
July 7, 2009ISM Services Index Improves
The U.S. economy’s service sector improved last month, showing the smallest level of contraction in nine months, the Institute for Supply Management said Monday.
July 6, 2009Navistar, CAW Deadlocked on Ontario Plant Talks
The Canadian Auto Workers said it has rejected a proposal from Navistar International Corp. to keep the company’s Chatham, Ontario, heavy-duty truck plant open, while a Navistar spokesman said the plant will remain closed until a new labor agreement is reached.
July 6, 2009Monson Trucking to Shut Down
Monson Trucking, Duluth, Minn., will shut down operations Aug. 31, the Associated Press reported.
July 6, 2009