Oil pushed past $70 a barrel Wednesday for the first time this week following a Department of Energy report that showed crude inventories plunged last week, Bloomberg reported.
August 19, 2009Search
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Crude Tops $72 a Barrel
Oil rose to near a two-month high of more than $72 a barrel early Thursday, a day after jumping more than $3, Bloomberg reported.
August 20, 2009
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
ATA Says California Reefer Rule Is Unfair
Californias new emission-reduction rule for transport refrigeration units unfairly imposes air quality standards on out-of-state carriers, attorneys for American Trucking Associations and the Truckload Carriers Association told a federal appeals court.
August 19, 2009Towne Air Freight Buys Texas Land and Air
Towne Air Freight said it has acquired Texas Land and Air to establish a presence in that state and widen its service offerings.
August 18, 2009Diesel Rises 2.7瞽 to $2.652; Gas Dips a Penny
Diesel rose 2.7 cents to $2.652 a gallon , its highest price this year, the Department of Energy reported.
August 18, 2009FTC Rule Could Result in $1 Mln. Fine for Illegal Manipulation of Fuel Prices
In the face of growing pressure on the federal government to regulate oil markets and trading, the Federal Trade Commission has issued a new rule that could result in fines of up to $1 million if traders or companies are found manipulating fuel markets.
August 17, 2009Diesel Rises 7.5瞽 to $2.625
The average retail price of a gallon of diesel in the United States rose 7.5 cents last week to $2.625, the highest level this year, the Energy Department reported.
August 17, 2009Biodiesel Group Says EPA Rule Threatens Future Production
A proposed U.S. Environmental Protection Agency rule designed to expand biofuel use actually has brought the biodiesel market to a grinding halt, because it does not allow most blends of soy oil, according to the National Biodiesel Board.
August 17, 2009Daimler Sets $9,000 Price Increase for 2010 Engines
Daimler Trucks North America will raise its heavy-duty truck prices for 2010 models by $9,000 to account for new emissions technology, with medium-duty trucks costing $6,700 to $7,300 more than 2009 models.
August 11, 2009DOE Raises Diesel Price Forecast for 2010
The Department of Energy held its diesel price forecast for 2009 steady at $2.46 a gallon, but bumped its projection for next year by a nickel from a previous forecast.
August 11, 2009