Senate Passes Energy Bill
The Senate passed a comprehensive energy bill late Thursday that raises average auto fuel efficiency standards, but the measure did not include a tax on oil companies that would have boosted alternative fuel development, Agence France-Press reported.
June 22, 2007CTA Cites Border Concerns
The Canadian Trucking Alliance said it sees some positives in the U.S. cross-border passport rules, but still has concerns about the implications for cross-border truck traffic between the United States and Canada.
June 22, 2007Philadelphia Factory Index Rises in June
Manufacturing levels in the Philadelphia area rose this month, the Federal Reserve Bank of Philadelphia said Thursday.
June 21, 2007Leading Economic Indicators Rise in May
An index of leading economic indicators rose in May, the New York-based Conference Board said Thursday.
June 21, 2007Passport Rule Pushed Back to 2008
The Bush administration will delay a rule that Americans must present passports when crossing the U.S. border by land or sea, the Associated Press reported.
June 21, 2007Coalition Criticizes FMCSA Over Mexican Trucks Plan
A coalition of groups led by Public Citizen and the Teamsters union said Wednesday that the Department of Transportation was ignoring federal safety laws in implementing a pilot program that would allow Mexican trucks to travel throughout the United States.
June 20, 2007Senate Authorizes Lawsuits Against OPEC
The Senate approved legislation late Tuesday that would allow the federal government to sue OPEC oil cartel nations under antitrust laws, Bloomberg reported.
June 20, 2007Senate Panel Backs Alternative Fuel Tax Breaks
A Senate committee approved $28 billion in tax breaks Tuesday to underwrite renewable fuels and “clean coal” technology, but the full Senate cut back provisions that would greatly expand diesel fuel made from coal, the New York Times reported.
June 20, 2007FTC Clears $7.4 Billion Chrysler Sale
Federal antitrust regulators cleared a private-equity firm’s $7.4 billion purchase of Chrysler from DaimlerChrysler, the Associated Press reported.
June 20, 2007Oil Rises to Nine-Month High, Nearing $70 a Barrel
Crude oil futures rose to a nine-month high Tuesday, closing at $69.10 a barrel, the highest New York Mercantile Exchange closing price since Sept. 1, Bloomberg reported.
June 19, 2007