The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.
April 13, 2007Business, Fuel, Government
March Producer Prices Rise 1%
Government
February Trade Gap Narrows
The U.S. trade deficit narrowed 0.7% in February to a $58.4 billion, the Commerce Department reported Friday.
April 13, 2007Business, Fuel, Government
UPS Signs China Air Pact
UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.
April 12, 2007Business, Government
Import Prices Rise 1.7%
The price of goods imported to the United States rose 1.7% in March, the Labor Department reported Thursday.
April 12, 2007Business, Safety, Government, Logistics
Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles “Wick” Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 2007Business, Fuel, Government
Oil Rises Following DOE Report
Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.
April 11, 2007Business, Government, Safety
FMCSA’s New-Carrier Program Criticized
April 11, 2007
Fuel, Business, Government
Fuel Averages to Hit Records
Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.
April 11, 2007Business, Government, Safety
IANA, Ocean Carriers Hit Proposed Rule on Safety of Intermodal Chassis
April 11, 2007
Fuel, Business, Government
Diesel Climbs 5¢ to $2.84
The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last week’s 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.
April 10, 2007