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Diesel Gains 5¢ to $2.84 a Gallon

The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.

April 16, 2007

U.S. Xpress to Report 1Q Loss

Truckload carrier U.S. Xpress Enterprises said Friday it will report a first-quarter loss next week on declining freight demand and rising fuel costs.

April 13, 2007

March Producer Prices Rise 1%

The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.

April 13, 2007

Bankruptcies Increase as Freight Declines

Trucking company failures jumped in the first quarter of 2007, and industry observers warned of tougher times ahead because of an uncertain economy, weak freight loads and rising fuel costs.

April 16, 2007

UPS Signs China Air Pact

UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.

April 12, 2007

Oil Rises Following DOE Report

Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.

April 11, 2007

Fuel Averages to Hit Records

Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.

April 11, 2007

Stricter Emission Rules Raise Costs, Freight, Shipping Executives Say

By Sean McNally, Senior Reporter

April 9, 2007

Diesel Jumps 11.4¢ to $2.79 a Gallon

The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.

April 9, 2007