Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.
September 2, 2008FuelBusinessEquipment
Kenworth Offers Synthetic Axle Lube as Standard
Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.
September 2, 2008BusinessFuelGovernment
Fuel Average Drops Again
The U.S. average price of retail diesel continued its descent last week, falling another 6.2 cents a gallon to $4.145, the Department of Energy reported.
September 1, 2008BusinessFuelSafetyGovernment
DOT Won’t Block DHL-UPS Air Deal
Transportation Secretary Mary Peters told Ohio Gov. Ted Strickland (D) she does not believe the plan by DHL Express to use UPS Inc. for its U.S. air cargo operations constitutes unfair competition.
August 29, 2008BusinessFuelGovernmentAutonomous
China’s Largest Truck Company’s Profit Rises 40%
China’s largest truck maker, Sinotruk, boosted a first-half profit 40% as consumers rushed to buy vehicles before the introduction of a new emissions regulation, Bloomberg reported Thursday.
August 28, 2008FuelBusinessLogisticsGovernment
Diesel Falls 6.2¢ to $4.145 a Gallon
The average national price of retail diesel fuel continued its downward trend, falling 6.2 cents to $4.145 a gallon, the Department of Energy said Monday.
August 26, 2008FuelGovernmentBusiness
Consumer Confidence Rises in August
Consumer confidence rose in August, as fuel prices fell as gasoline prices fell, the New York-based Conference Board said Tuesday.
August 26, 2008BusinessGovernmentSafetyFuel
Diesel Falls to 3-Month Low
The U.S. retail diesel average fell another 14.6 cents to $4.207 a gallon last week, extending the most pronounced drop in two years to a fifth consecutive week, the Department of Energy reported.
August 25, 2008BusinessLogisticsFuelAutonomous
Two Carriers to Join Port of L.A.’s Clean Trucks Program
Two national truckload carriers have signed letters of intent to participate in the port of Los Angeles’ Clean Trucks Plan, the Los Angeles Times reported Friday.
August 22, 2008BusinessFuelSafetyGovernment
ATA Supports Bipartisan Energy Plan
American Trucking Associations said it supports a bipartisan comprehensive energy bill that calls for domestic oil drilling, tax incentives and alternative energy research to lower the price of fuel.
August 22, 2008