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Fuel Cards Offer New Services as Competition Intensifies

Competition among fuel-card providers to keep major fleets is intensifying as carriers seek to mitigate the $4-a-gallon cost of fuel by paying closer attention to how it’s purchased.

May 5, 2008

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

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

Diesel Gains 3.4¢ to Record $4.177

The national average price of diesel fuel rose to a new record high, gaining 3.4 cents to $4.177 a gallon, the Department of Energy said Monday.

April 29, 2008

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

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

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

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

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