Oil Closes Above $131 a Barrel
Crude oil futures jumped more than $2 a barrel Wednesday to close at $131.03 a barrel, not far off the record closing price, Bloomberg reported.
May 28, 2008UPS to Handle DHL’s North America Air Service
UPS Inc. said Wednesday it will provide air transportation in North America for competitor DHL Express, as DHL works to cut costs.
May 28, 2008Letters to the Editor: Ban on Independents, Exporting U.S. Diesel, Ticketing Truckers, Fuel and Emissions
In response to the Los Angeles Port Authority’s looming ban on owner-operators, it never ceases to amaze me that our governmental bodies believe they have autonomous authority over all things.
May 28, 2008Ford, American Axle Plan Job Cuts
Ford Motor Co. plans to lay off up to 12% of its salaried employees by August as part of a restructuring in the face of slumping sales and high fuel prices, the Associated Press reported Wednesday.
May 28, 2008Durable Goods Orders Fall 0.5%
Durable goods orders fell 0.5% in April, the Commerce Department said Wednesday.
May 28, 2008New Home Sales Rise 3.3%
New home sales increased 3.3% in April, the Commerce Department said Tuesday.
May 27, 2008Knight Boosts Dividend
Knight Transportation said Tuesday its board increased its quarterly dividend to 4 cents a share, from 3 cents.
May 27, 2008More Truckers Selling Their Rigs, Times Says
Thousands of U.S. truckers unable to make money because of rising fuel prices are selling their trucks, in what may be the biggest cut in the U.S. trucking fleet since trucking deregulation in 1980, the New York Times reported Tuesday.
May 27, 2008British Truckers Jam London in Diesel Protest
Hundreds of trucks blocked traffic in central London Tuesday to protest soaring diesel prices there, the Associated Press reported.
May 27, 2008Consumer Confidence Plunges to 16-Year Low
Consumer confidence fell to a 16-year low this month, the New York-based Conference Board said Tuesday.
May 27, 2008