Crude Oil Closes Higher but Falls Almost $5 for Week
Crude oil prices tracked upward 76 cents Friday to close at $56.35 a barrel, Bloomberg reported, and the price tumbled almost $5 for the week and hit a one-year low closing price on Thursday.
January 5, 2007November Air Cargo Shipments Jump 2.9%
November air cargo shipments jumped 2.9% compared with the same month a year ago, the Air Transport Association said Thursday.
January 4, 2007Con-way Lowers Fourth-Quarter Guidance
Transportation firm Con-way Inc. late Wednesday lowered its fourth-quarter 2006 earnings guidance due to a projected tonnage decline.
January 4, 2007TransForce Completes Acqusition of Trucking Firm Westfreight
Canadian transportation firm TransForce Income Fund said Thursday it completed its acquisition of Westfreight Systems and Westfreight Holdings (U.S.A.). Terms were not disclosed.
January 4, 2007Goodyear to End Tire Production at Quebec Plant
Goodyear Tire & Rubber Co. said Thursday it will end tire production at its facility in Valleyfield, Quebec, Canada, and convert the facility to a mixing plant.
January 4, 2007DHS Issues ‘TWIC’ Credentialing Rule for Port Workers
The Department of Homeland Security Wednesday issued its final rule under its Transportation Worker Identification Credential program for port security.
January 4, 2007ISM Services Index Falls in December
The economy’s service sector growth rate fell in December following two increases, the Institute for Supply Management reported Thursday.
January 4, 2007Factory Orders Rise 0.9% in November
Factory orders rose 0.9% in November, the Commerce Department reported Thursday.
January 4, 2007ISM Manufacturing Index Rebounds from Contraction
The Institute for Supply Management said Wednesday its manufacturing index for December rose to 51.4 from a 49.5 reading, which had been the first contraction in more than three years.
January 3, 2007EGL’s CEO Offers to Take Company Private in $1.2 Bln. Buyout
Transportation and logistics firm EGL Inc.’s Chief Executive Officer James Crane and an investment firm offered to take the company private in a $1.2 billion buyout, the company said.
January 3, 2007