Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Search
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Letters: Transportation Needs, Heavy Trucks, Raise Fuel Taxes
With respect to the senators, when planning the needs for surface transportation, what practical experience do they or anyone reporting to them have in transportation?
May 25, 2009
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Fleet Execs See Likely Delay of New Truck Buying in 2010
NEW YORK Trucking executives said the uncertainty about new engine technology required to meet federal emissions standards next year would likely keep them from buying many trucks during 2010.
May 25, 2009Obama Issues Stricter Auto Efficiency Rules
The Obama administration last week announced stricter requirements for automobile fuel efficiency and a first-ever national greenhouse gas reduction standard for cars and light trucks. Though heavy trucks are not immediately affected, an industry official suggested similar changes could be coming within the next decade.
May 25, 2009Fuel Price Hedgers Seeking Market Bottom
With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.
May 25, 2009Diesel Inches Up to $2.231
The national diesel fuel average rose 1.5 cents a gallon last week, while gasoline posted a much larger 6.9-cent jump, widening the gap between the two fuels as gas stockpiles declined ahead of the traditional Memorial Day start of summer driving season.
May 25, 2009Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administrations comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a clean energy economy, the Associated Press reported.
May 19, 2009Diesel Rises 1.5瞽 to $2.231; Gas Gains 6.9瞽
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009Trucking Hit by Perfect Storm, Hebe Says
SAN DIEGO A perfect storm of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009