Oil fell almost $3 to near $60 a barrel Wednesday, following an Energy Department report that showed the highest level of distillate fuel inventories in 16 years, Bloomberg reported.
July 8, 2009Fuel, Business
Oil Falls to Near $60 a Barrel as Inventories Rise
Business, Logistics
Schneider Sells Czech Logistics Business
Schneider Logistics said it has sold its operations based in Olomouc, Czech Republic, to ExlService Holdings, an outsourcing company.
July 8, 2009Business, Equipment
Freightliner Unveils Natural Gas Truck
Freightliner Trucks has introduced its first natural gas-powered truck, the Freightliner Business Class M2 112 NG, the company said.
July 8, 2009Business, Fuel
UPS, FedEx Expand Reports of Carbon Emission Sources
Parcel carriers UPS Inc. and FedEx Corp. are broadening their accounting of greenhouse gas emissions, targeting sources beyond their own direct emissions.
July 8, 2009Government, Business, Safety
Traffic Delays Fell in 2007
U.S. drivers spent less time in traffic delays in 2007 for the first time in at least 25 years, a new study showed.
July 8, 2009Government, Business, Safety, Fuel
Regulators Considering Tighter Oil-Market Rules
U.S. and European regulators are considering stricter rules on speculation in oil markets due to concerns that sharp rises in fuel prices could worsen the global recession, the Wall Street Journal reported Wednesday.
July 8, 2009Fuel, Business, Government
DOE Boosts ’09-’10 Fuel Price Outlook
The Energy Department Tuesday boosted its price forecasts for diesel, gasoline and crude oil for this year and 2010.
July 7, 2009Government, Business, Safety
Virginia to Close 18 Rest Areas This Month
The Virginia Department of Transportation will close 18 of the state’s highway rest areas later this month, but the truck parking spaces lost will be replaced at other rest areas, the Associated Press reported.
July 7, 2009Business, Technology, Equipment, Safety, Logistics
Quiet Logistics Expands Kiva System Capacity
Third-party logistics firm Quiet Logistics has tripled the capacity in its Kiva Mobile Fulfillment System in less than six months, Kiva said.
July 7, 2009Fuel, Business, Logistics, Government
Diesel Falls 1.4¢ to $2.594
Diesel fuel’s national average price fell 1.4 cents to $2.594 a gallon, its second straight decline following almost two months of increases, the Energy Department said.
July 7, 2009