A plunge in oil prices this year has prompted a $35 million cut to the budget for Alaska’s Department of Transportation, making the state’s truckers nervous.
November 16, 2015Search
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Air Liquide Agrees to Buy US-Based Airgas Inc.
Air Liquide, a global industrial gas supplier based in Paris, plans to acquire U.S.-based Airgas Inc. in a deal that will make it the largest supplier in North America.
November 18, 2015OPEC Export Price Falls Below $40 for First Time Since 2009
The average price of crude sold by OPEC fell below $40 a barrel for the first time since 2009, underscoring the financial cost of the group’s strategy to defend its market share.
November 16, 2015Diesel Falls 2¢ a Gallon to $2.482
The U.S. average retail diesel price fell 2 cents a gallon to $2.482 after increasing the previous week, the Department of Energy reported Nov. 16.
November 16, 2015Crude Oil Rises From Two-Week Low as Market Appears to Tighten
Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.
November 10, 2015Alabama Governor Endorses Fuel-Tax Hike, Predicts it Will Pass in 2016
Alabama Gov. Robert Bentley said he believes that the state’s Legislature will pass a fuel-tax increase that he has endorsed to pay for infrastructure improvements.
November 9, 2015National Diesel Average Price Rises After Three Weeks of Declines
The average price of diesel fuel in the United States rose 1.7 cents a gallon to $2.502, the first rise after three consecutive weekly declines, the Department of Energy reported Nov. 9.
November 10, 2015US Diesel Average Declines 1.3¢ to $2.485; Price Is $1.138 a Gallon Below Year Ago
The U.S. average retail diesel price fell 1.3 cents a gallon to $2.485, the third consecutive weekly decline, the Department of Energy reported Nov. 2.
November 9, 2015Obama Rejects Keystone Pipeline in Win for Environmentalists
President Obama rejected TransCanada Corp.’s bid to build the Keystone XL pipeline, ending seven years of debate over an infrastructure project that swelled into one of the most contentious environmental issues of his presidency.
November 6, 20153Q Intermodal Freight Growth Slows to 3.4%; Fuel Prices, Capacity Stunt Domestic Business
Growth in truck-rail freight slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 9, 2015