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Electronic Funds Buys T-Chek for $302.5 Mln. in Fourth Deal for Fuel Card Sector This Year

C.H. Robinson Worldwide Inc. last week sold its T-Chek fuel payment card unit to Electronic Funds Source LLC for $302.5 million.

October 22, 2012

Consumer Price Index Rises 0.6% on Higher Fuel Costs

The consumer price index rose 0.6% in September for a second month, the Labor Department said Tuesday.

October 16, 2012

C.H. Robinson Sells T-Chek for $300 Million

C.H. Robinson Worldwide said it sold its payment services business, T-Chek Systems, to Electronic Funds Source for $302.5 million in cash.

October 17, 2012

EcoDual Expands Distribution of Fuel Conversion Systems

EcoDual LLC, a manufacturer of diesel-to-natural gas conversion systems for heavy-duty trucks, is expanding distribution by partnering with truck repair and service company W.W. Williams Co., the companies said.

October 15, 2012

EPA Awards $30 Million for Clean Diesel Projects

The U.S. Environmental Protection Agency is awarding $30 million for clean diesel projects as part of its Diesel Emission Reduction Program, the agency announced.

October 15, 2012

Diesel Rises 5.6¢ to Four-Year High $4.15

Diesel rose 5.6 cents to $4.15 a gallon, its highest national average pump price in more than four years, while gasoline fell for the third time in four weeks, the Department of Energy reported.

October 16, 2012

Oil-Field Specialty Trucks HOS Exemption Should Be Extended to Others, Carriers Say

An hours-of-service waiting time exemption for drivers of “specially constructed” oil-field operations trucks should be extended to include such other oil and gas operations trucks such as those that deliver sand and water, several motor carriers and trade association officials told federal regulators.

October 15, 2012

Diesel and Gasoline Prices Both Increase

The average retail price of diesel rose 1.5 cents to $4.094 a gallon, the first increase in three weeks, while gasoline jumped 4.6 cents to $3.850, the Department of Energy said after its latest survey of filling stations.

October 15, 2012

U.S. Trade Deficit Grew in August

The U.S. trade deficit grew by 4.1% in August, the Commerce Department said Thursday.

October 11, 2012