Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve, Bloomberg reported.
May 14, 2008BusinessFuel
UPS Orders 200 Hybrid, 300 New CNG Trucks
UPS Inc. said Tuesday it has ordered 200 hybrid electric vehicles for its U.S. delivery fleet, which it said was the largest commercial order of such trucks by any company.
May 13, 2008GovernmentBusinessSafetyFuel
Diesel Soars 18.2¢ to Record $4.331
Diesel fuel jumped 18.2 cents to a new record Monday, averaging $4.331 a gallon at the pump nationwide, the Department of Energy said.
May 13, 2008BusinessFuel
Oil Hits Intraday Record, Near $127 a Barrel
Crude oil hit a new intraday record Tuesday near $127 a barrel, and heating oil futures also hit a record, Bloomberg reported.
May 13, 2008FuelBusinessGovernment
Import Goods Prices Rise 1.8%
The price of goods imported to the United States rose 1.8% in April, led by fuel cost increases, the Labor Department said Tuesday.
May 13, 2008GovernmentBusinessSafetyFuel
Letters to the Editor: Border Program, Gas Tax Reality, Unpaid Miles, Fuel Prices
I agree with Secretary of Transportation Mary Peters: Congress should continue the cross-border program between the United States and Mexico.
May 12, 2008GovernmentBusinessSafetyFuelEquipment
Calif. Says Mack, VTNA, Cummins Engines Meet NOx Standard, Exempt From Idling Rule
The California Air Resources Board has confirmed to Transport Topics that Mack Trucks Inc., Cummins Inc. and Volvo Trucks North America have received certification that their heavy-duty engines meet California’s nitrogen oxide emission standards, providing users an exemption from the state’s five-minute idling regulation.
May 12, 2008GovernmentBusinessSafetyFuelLogistics
ATA Unveils Sustainability Plan; Backs Truck Fuel-Use Standard
American Trucking Associations launched a major initiative to meet the industry’s growing fuel-price crisis, supporting for the first time national truck fuel-economy standards.
May 12, 2008BusinessFuelGovernment
Diesel Price Slips 2.8¢ to $4.149
The average price of retail diesel slipped 2.8 cents last week from its all-time record — the first decline in four weeks — as the Department of Energy released a prediction that prices would remain above $4 a gallon for the foreseeable future.
May 12, 2008Fuel
FedEx Cuts Fourth-Quarter Earnings Outlook
FedEx Corp. said late Friday it is cutting its fiscal fourth-quarter earnings guidance, blaming a steep increase in fuel costs.
May 9, 2008