Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
SoCal Ports Set Plan to Ban Older Trucks
The Port of Long Beach said it is joining the Port of Los Angeles in setting a plan to bar older trucks from operating at the port, and approved a tariff structure that will gradually limit access to all but the cleanest vehicles.
November 6, 2007Diesel Soars 14.6¢ to Record $3.303; Gas Jumps Over $3
Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week’s record to $3.303 a gallon, the Department of Energy said.
November 6, 2007Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007Fleets to Face Engine Dilemma as Some Makers Avoid SCR
The decision by two major engine manufacturers, Cummins Inc. and Navistar International, to build 2010 heavy-duty diesel engines without selective catalytic reduction technology has upset truck sales forecasts for the 2009 and 2010 truck markets.
November 5, 2007Oil Closes Week at Record $95.93 a Barrel
Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007Oil Continues to Soar; Tops $96 in Intraday Trading
Crude oil continued to soar, rising to more than $96 a barrel early Thursday, following Wednesday's Energy Department report that showed lower supplies, Bloomberg reported.
November 1, 2007OPEC Says Oil Will Not Reach $100 Soon
OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.
October 30, 2007Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007Oil Tops $93 a Barrel
Crude oil climbed above $93 a barrel for the first time in intraday trading Monday, after Mexico shut 20% of its production, Bloomberg reported.
October 29, 2007