Private-equity firm Warburg Pincus announced an agreement to acquire Electronic Funds Source, which provides fuel card and other fleet-payment services.
April 18, 2014Fuel
ATA Forms Special Committee to Study Road-Fund Options
NASHVILLE, Tenn. A specially formed committee of carrier executives will meet in Dallas this month to discuss ways to raise funds to pay for the next highway bill other than through a fuel-tax increase, American Trucking Associations Chairman Philip Byrd Sr. said.
March 17, 2014Special CoverageFuelBusiness
FuelDefend Expands Product Lineup
NASHVILLE, Tenn. FuelDefend Global Ltd., a provider of anti-siphoning devices to prevent fuel theft, announced several additions to its lineup.
March 10, 2014Fuel
Diesel Dips 0.1瞽 to $4.016; Decline is First in 6 Weeks
Diesel dipped 0.1 cent to $4.016 a gallon, its first decline in six weeks and just the third this year, the Department of Energy reported March 3.
March 3, 2014Fuel
Diesel Surges Past $4 a Gallon
Diesel pushed past $4 a gallon for the first time in almost a year, gaining 2.8 cents to $4.017 a gallon, the Department of Energy reported Feb. 24.
February 25, 2014GovernmentBusinessFuel
US to Tighten Fuel Rules
President Obama last week said he would seek an additional set of carbon-dioxide emissions and fuel-economy improvements for heavy- and medium-duty trucks that would go beyond standards that take effect this year and in 2017.
February 24, 2014GovernmentFuelBusiness
Foxx Says Fuel Tax Increase Is Not Needed
WASHINGTON Transportation Secretary Anthony Foxx said the Obama administration still believes there is a better way to raise the money needed to upgrade the nations highway infrastructure than to raise the federal fuel tax.
February 20, 2014Fuel
Diesel Rises 1.2 Cents a Gallon to $3.989; Gasoline Up 7.1 Cents
U.S. retail diesel and gasoline prices rose for the week, the Department of Energy said Feb. 18 after its weekly surveys of fueling stations.
February 19, 2014GovernmentFuel
Plaintiffs Dismiss Hot Fuel Cases
The plaintiffs in a set of 2006 cases against fuel retailers for selling hot fuel have dismissed the cases, the Kansas City Business Journal reported.
February 18, 2014Fuel
Diesel to Average $3.83 This Year, DOE Says
The Department of Energy raised its outlook for 2014 U.S. retail diesel prices by 2 cents to $3.83 a gallon, the second straight month in which it projected an increase.
February 11, 2014