Diesel Slips 1.9¢; Gas Hits Record
The U.S. average price paid for retail diesel fuel fell another 1.9 cents last week to $2.773 a gallon, while the average gasoline price rose 4.9 cents to an all-time record of $3.103.
May 21, 2007UPS Adds New Global Flight
UPS Inc. said Friday it will launch a new “around-the-world” flight this summer to further enhance service between Singapore and markets in the Middle East, Europe and the United States.
May 18, 2007Oil Closes Week Near $65 a Barrel
Crude oil futures for a second day closed just short of $65 a barrel on Friday, following a jump of more than $2 on Thursday, Bloomberg reported.
May 18, 2007Citi Enters Fleet Financing Business
Citigroup Inc.’s commercial business unit said it is entering the transportation fleet financing business.
May 18, 2007British Air to Take Part in E-Freight Trial
Penske, ABX Form Brazil Venture
Penske Logistics and ABX Logistics said Friday they have formed a new joint venture in Brazil to provide international freight management services in that country.
May 18, 2007Consumer Sentiment Index Rises
U.S. consumer confidence rose this month following, according to the University of Michigan’s monthly consumer sentiment index released Friday.
May 18, 2007GM May Sell Medium-Duty Business
General Motors Corp., the largest U.S. automaker, may soon sell its medium-duty truck business, Bloomberg reported.
May 18, 2007Bay St. Louis Bridge Reopens
Two lanes of the U.S. 90 bridge over the Bay of St. Louis in Mississippi reopened Thursday, more than a year and a half after the roadway was destroyed by Hurricane Katrina, the Associated Press reported.
May 18, 2007Philadelphia Factory Index Gains
Manufacturing levels in the Philadelphia area rose this month, the Federal Reserve Bank of Philadelphia said Thursday.
May 17, 2007