Crude oil rose to a record closing price of $78.23 a barrel Tuesday on speculation that OPEC’s agreement to boost production by 500,000 barrels a day will fall short of rising demand, Bloomberg reported.
September 11, 2007Search
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Oil Tops $80 a Barrel for First Time
Crude oil futures topped $80 a barrel for the first time and closed at a record high for a second straight day, finishing the trading day at $79.19 on the New York Mercantile Exchange, Bloomberg reported Wednesday.
September 13, 2007
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.
Diesel Prices to Peak This Month, DOE Says
Retail diesel prices will peak this month before beginning a slow decline through the end of the year, the Energy Department said Tuesday.
September 11, 2007Diesel Gains 3.1¢ to $2.924
The average national retail price of diesel fuel rose 3.1 cents to $2.924 a gallon, the Department of Energy said Monday.
September 11, 2007California Targets Oldest Trucks in New Emissions Proposal
A proposed California Air Resources Board regulation would force the owners of an estimated 80,000 trucks built before 1994 to remove them from the state’s roads by 2009, a trucking official said.
September 10, 2007Calif. Eyes New Emissions Regs for Trucking, Ports
California regulators proposed new emissions rules for the state’s ports and the trucking industry, designed to begin compliance with ambitious “greenhouse gas” emissions reduction law, the Contra Costa Times reported Friday.
September 7, 2007DHL Signs Transport Contract With Wal-Mart
DHL said Thursday it signed a three-year agreement with Wal-Mart Stores to provide air express and ground shipping throughout the United States, supporting the retail giant's 4,000 stores nationwide.
September 6, 2007Oil Tops $76 a Barrel
Crude oil rose to a five-week high Thursday, topping $76 a barrel and approaching the all-time high set in late July, Bloomberg reported.
September 6, 2007UTi Worldwide’s 2Q Income Dips
Air and ocean freight forwarder UTi Worldwide said Thursday its fiscal second-quarter net income fell 20% to $27.7 million or 28 cents a share, from $34.5 million or 35 cents a year ago.
September 6, 2007Tweaking Specifications on Truck Engines Can Raise Fuel Economy, Study Finds
Fleets can save fuel — possibly by as much as 5% — by “overspec’ing” engines, according to PHH FirstFleet, an asset, financial and technology management company for fleets.
September 4, 2007