Oil Dips Following Record High
Oil fell in early trading from last week’s record high, but its continued climb has prompted some analysts to predict the price could jump to $200 a barrel this year, the Wall Street Journal reported Monday.
July 7, 2008Editorial: Good News, Relatively Speaking
At a time when good news is in notably short supply, it’s nice to be able to report several positive stories on this week’s front page.
July 7, 2008CVSA Finds Fewer Violations During Annual Roadcheck
The Commercial Vehicle Safety Alliance said 23.9% of the 52,345 vehicles that underwent comprehensive inspections during Roadcheck last month were placed out of service, the lowest percentage in the program’s 21-year history.
July 7, 2008Diesel Dips for Week; Falls 7.8¢ in June
The average price of a gallon of retail diesel dipped 0.3 cent last week, to $4.645, making June only the second month so far in 2008 during which the average did not rise, the Department of Energy reported.
July 7, 2008Nokia Gets Antitrust Approval for Navteq Acquisition
Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.
July 3, 2008Conn. Lawmakers, Truckers Call for Action on Fuel Prices
Two federal lawmakers joined the head of the Motor Transport Association of Connecticut in calling for action to help relieve soaring fuel prices that are driving trucking companies out of business, the Connecticut Post reported Thursday.
July 3, 2008ISM Services Index Contracts in June
The U.S. economy’s service sector contracted in June as prices reached a record high and employment reached a record low, the Institute for Supply Management said Thursday.
July 3, 2008Diesel, Gasoline Demand Falling, NATSO Says
High fuel prices are dampening demand for diesel and gasoline, and more Americans will stay home this Fourth of July holiday than last year, a truck stop trade group said Thursday.
July 3, 2008Appeals Court Rejects Greenhouse Gas Lawsuit
A federal appeals court in Washington rejected a petition by Massachusetts and 17 other states attempting to force a quick decision from the U.S. Environmental Protection Agency on how to regulate greenhouse gases.
July 3, 2008Michelin Boosting U.S. Tire Prices
Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.
July 2, 2008