Crude oil continued its slide of the last few weeks, falling $1.58 Friday to close the trading week at $113.43 a barrel on the New York Mercantile Exchange, Bloomberg reported.
August 15, 2008GovernmentBusinessSafetyFuel
Deutsche Post Chief Defends DHL-UPS Air Deal
Deutsche Post Chief Executive Officer Frank Appel defended the company鈥檚 DHL unit鈥檚 pending deal with UPS Inc. under which DHL Express would contract out its North American air operations to UPS, the Wall Street Journal reported Thursday.
August 14, 2008BusinessFuelEquipment
Cummins to Add SCR Technology in 2010 Engines
Diesel engine maker Cummins Inc. said Wednesday it will add selective catalytic reduction aftertreatment to its heavy-duty 2010 engines.
August 13, 2008FuelBusiness
Diesel to Average $4.18 This Year, DOE Says
Diesel fuel will average $4.18 a gallon this year and $4.27 in 2009, the Department of Energy said Tuesday.
August 12, 2008FuelBusinessLogisticsGovernment
Diesel Plunges 14.9垄 to $4.353
Diesel fuel鈥檚 national average pump price continued to slide Monday, falling 14.9 cents to $4.353 a gallon, the Energy Department said.
August 12, 2008GovernmentBusinessSafetyFuel
Letters to the Editor: Lower Speed Limits, Biodiesel Defended
More and more, we are hearing that fleets are cutting back truck top speeds to well below the speed limits in order to increase fuel economy. Does everyone understand that time is money?
August 11, 2008FuelBusiness
Green Truck Stop Set in Virginia
A new truck stop opened on U.S. 220 that conducts a 鈥渇arm-to-fuel鈥 operation by using canola seed to make biodiesel, the Associated Press reported.
August 11, 2008BusinessFuelGovernment
Mass. Governor Signs Biofuels Law
Massachusetts Gov. Deval Patrick (D) signed a law to promote the use of biofuels, reducing greenhouse gas emissions by at least 50% in the state, the Associated Press reported.
August 11, 2008FuelBusinessGovernment
Trucking Bankruptcies Double; 1st-Half Capacity Loss Is 4.5%
Trucking company bankruptcies more than doubled in the second quarter, soaring 118% from last year as high fuel prices pushed 970 U.S. carriers out of business, a leading industry analyst said.
August 11, 2008BusinessFuelGovernmentLogistics
Warehousing: Fleets Acquire Storage Space to Expand Role in Supply Chain
The cost advantage offered by shipping direct and avoiding paying for warehousing and inventory is dwindling, possibly forever, as the price of fuel rises. As a result, more carriers have started looking at warehousing to play a larger role in the logistics process.
August 11, 2008