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DHL Testifies Before House Panel on UPS Air Deal

DHL Express Global Chief Executive Officer John Mullen told a House panel Tuesday that the company’s proposed deal to let UPS Inc. handle its North American air services was necessary for the company “to remain a viable competitor in the U.S. market.â€

September 9, 2008

Diesel Drops 6.2¢ to $4.059 in Eighth Straight Decline

The national average price of diesel fuel fell for an eighth straight week, dropping 6.2 cents to $4.059 a gallon, the Department of Energy said Monday.

September 9, 2008

UTi Worldwide Reports Higher Earnings

Air and ocean freight forwarder UTi Worldwide said its net income for its 2009 fiscal second quarter ended July 31 rose to $33.7 million, or 33 cents a share, from $27.7 million, or 28 cents a year ago.

September 8, 2008

Diesel Dips 2.4¢ to $4.121

The average price of retail diesel in the United States dipped 2.4 cents a gallon last week to $4.121, the seventh straight decline, even as Hurricane Gustav reached the Gulf Coast, the Department of Energy reported.

September 8, 2008

Medium-Duty Truck Review: Green Is Clearly the Designer Color for 2009 Models

The color for 2009 medium- and light-duty trucks is green, as in environmentally friendly. There are no major changes to designs for the 2009 model year; like heavy-duty trucks, the next major changes will occur with the 2010 model year as manufacturers adapt to the next round of diesel emission standards.

September 8, 2008

Oil Falls Below $108 as Gustav Damage Appears Minimal

Crude oil fell more than $2 to below $108 a barrel in early trading Wednesday, as major oil firms said Hurricane Gustav did not cause any significant damage to Gulf of Mexico oil facilities over the weekend, Bloomberg reported.

September 3, 2008

Oil Dips for Fourth Straight Session

Oil fell 36 cents Wednesday to close at $109.35 a barrel on the New York Mercantile Exchange, as several crude intake ports reopened on the Gulf Coast following Hurricane Gustav, Bloomberg reported.

September 3, 2008

EPA Approves Fuel Waiver for 16 Louisiana Parishes

The Environmental Protection Agency said it waived some clean fuel requirements for 16 parishes in the Louisiana until next Monday, Sept. 8, due to Hurricane Gustav, which hit the state Monday.

September 2, 2008

Oil Falls Below $110, as Gustav Spares Major Gulf Rig Damage

Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.

September 2, 2008