Fuel News

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

Fuel, Business, Government

Truckers Protest in Washington Over High Fuel Prices

Hundreds of truck drivers descended on Washington Monday to protest high diesel prices, WRC-4 television reported on its Web site.

April 28, 2008
Government, Business, Fuel

Oil Hits Record Near $120 a Barrel

Crude oil prices hit an all-time record in Monday, hitting $119.93 a barrel in pre-market electronic trading on the New York Mercantile Exchange, the Associated Press reported.

April 28, 2008
Fuel, Business, Safety, Government

ATA Officer Calls for Oil Release From SPR

WASHINGTON — The government should not only stop filling the Strategic Petroleum Reserve, but also consider releasing oil to help lower the price of diesel fuel, Dave Berry, chairman of the American Trucking Associations’ environmental and energy policy committee, told Congress last week.

April 28, 2008
Business, Fuel, Government

Truckload Carriers Trim Fleets as Freight Declines, Fuel Rises

Truckload carriers are slashing capacity at the highest rate in a decade in an effort to bring supply and demand into balance as fuel prices skyrocket and demand withers, according to industry experts.

April 28, 2008
Business, Fuel, Equipment, Government

Used Truck Prices Buoyed by Rising Foreign Demand

An unprecedented wave of exports, mostly to Russia, has cushioned a downturn in the Class 8 used-truck business, which has been hurt by high fuel prices and a weak freight market, according to industry executives.

April 28, 2008
Fuel, Business, Government

Diesel, Gas Set Records

U.S. retail fuel prices continued to soar into uncharted territory last week, as the average price of diesel jumped another 8.4 cents to $4.143 a gallon and gasoline gained 11.9 cents to $3.508, the Department of Energy reported.

April 28, 2008
Business, Fuel

CVG’s First-Quarter Income Declines

Parts maker Commercial Vehicle Group said it earned $500,000, or 2 cents a share, in the first quarter, compared with $3 million, or 14 cents, a year ago.

April 24, 2008
Business, Government, Fuel

Oil Dips from Record, Closing Just Over $118 a Barrel

Crude oil prices fell for the first time in four days Wednesday, a day after setting a closing-price record of more than $119 a barrel, Bloomberg reported.

April 23, 2008
Business, Safety, Fuel, Government

Letters to the Editor: Fuel Prices, Sleep Apnea

I am interested in the feedback on fuel prices displayed in “Letters to the Editor.” Unfortunately, most of the letters did not focus on two salient facts affecting the price of oil. The first is the dismal exchange rate of the U.S. dollar versus the euro, and the second is world demand for petroleum products.

April 23, 2008
Business, Fuel, Government, Logistics

Norfolk Southern’s 1Q Income Rises

Eastern freight railroad Norfolk Southern Corp. said its first-quarter profit rose 2%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.

April 22, 2008