Oil Drops $5 to $136 a Barrel; Declines $9 in Two Trading Days
Oil prices fell more than $5 Tuesday to close near $136 a barrel, as the U.S. dollar continued to strengthen and fears of a supply shortage faded, the Associated Press reported.
July 8, 2008Pa. Lawmaker Says Turnpike Lease Deal Is Dead
A key Pennsylvania state lawmaker said that a plan backed by Gov. Ed Rendell to lease the Pennsylvania Turnpike is essentially dead, the Associated Press reported.
July 8, 2008Diesel Jumps 8.2¢ to Record $4.727 a Gallon
The national average price of retail diesel fuel jumped 8.2 cents to a record $4.727 a gallon, breaking the previous record of $4.723 set six weeks ago, the Department of Energy said Monday.
July 8, 2008Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in May, the Commerce Department said Tuesday.
July 8, 2008Covenant Sets Refinancing Plan With Daimler Truck Financial
Covenant Transportation Group said it completed the first step in refinancing its long-term debt, including a secured revenue equipment financing agreement with Daimler Truck Financial for about $200 million.
July 8, 2008NFI, Raven Transport Set Warehousing Agreement
Trucking and third-party logistics firm NFI Industries said Monday it has formed a joint-venture warehousing agreement with Raven Transport.
July 7, 2008Bendix to Offer Automatic Braking for Heavy-Duty Trucks in 4Q
WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.
July 7, 2008E&MU: California Emissions Plan Pushes New Engines
California clean-air regulators propose to force all older highway trucks running within state boundaries to be retrofitted first with diesel particulate filters, costing $8,000 to $20,000 and more, and then with equipment that reduces output of nitrogen oxides, in a complicated, staggered schedule in effect from 2010 through 2022.
July 7, 2008Employment Index Declines, Conference Board Says
An employment trends index declined in June, the New York-based Conference Board said Monday.
July 7, 2008First Atlantic Hurricane Forms; Unlikely to Affect Gulf Oil Platforms
The first hurricane of the Atlantic hurricane season formed Monday, but forecasts put it on a track that would not affect Gulf of Mexico oil platforms, the Associated Press reported.
July 7, 2008