UPS Inc. downgraded its second-quarter earnings forecast to 83 to 88 cents per share, from an earlier 97 cents to $1.04聽forecast, citing U.S. slow economic growth and soaring fuel costs.
June 24, 2008FuelGovernmentBusiness
Teamsters Support Bill Aimed at Curbing Fuel Speculation
The Teamsters Union said Tuesday it supports a Congressional bill to help curb fuel costs.
June 24, 2008FuelGovernmentBusiness
Teamsters Support Bills Aimed at Curbing Fuel Speculation
The Teamsters Union said Tuesday it supports a Congressional bill to help curb fuel costs.
June 24, 2008BusinessFuelGovernment
Diesel Falls 4.4垄 to $4.648; Gas Dips 0.3垄 to $4.079
The average price of diesel fell for the third time in the past four weeks, declining 4.4 cents to $4.648 a gallon, the Department of Energy said Monday.
June 24, 2008FuelBusinessGovernment
ASTM Panel Votes to Modify Biodiesel Standards
Engineering standards group ASTM International voted to tighten standards on pure and blended biodiesel fuel during meetings last week in Vancouver, British Columbia.
June 23, 2008FuelBusinessGovernment
ASTM Panel Votes to Modify Biodiesel Standards
Engineering standards group ASTM International voted to tighten standards on pure and blended biodiesel fuel during meetings last week in Vancouver, British Columbia.
June 23, 2008BusinessFuel
Oil Rises Above $137 Despite Saudi Pledge to Boost Output
Crude oil rose to topped $137 a barrel on Monday before falling back, despite a pledge by Saudi Arabia over the weekend to boost production by 200,000 barrels a day, Bloomberg reported.
June 23, 2008FuelBusinessTechnologyEquipmentSafety
Ryder Offers New GPS Tool
Ryder System is offering its customers a new high-tech tool to help its customers save fuel, the Miami Herald reported Monday.
June 23, 2008BusinessLogisticsFuelGovernment
Diesel Average Remains Unchanged at $4.692
The national average diesel price remained unchanged at $4.692 a gallon last week, following small declines for the previous two weeks, the Department of Energy reported, matching the longest stretch without an increase so far this year.
June 23, 2008GovernmentBusinessSafetyFuel
ATA Cites Concerns on Patchwork Climate Change Regs
A top trucking official urged Congress Thursday to take a cautious approach to climate change initiatives, saying the industry was concerned over the impacts of pending cap-and-trade legislation on the economy and fuel prices.
June 20, 2008