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Oberstar Proposes Bridge Repair Fund, Says Fuel Tax Hike an Option to Pay for It

The chairman of the House Transportation Committee last week called for a special bridge-repair fund, following the Interstate 35W bridge collapse in Minneapolis, and said a temporary federal fuel tax increase was among the options to pay for it.

August 13, 2007

Atlas Air’s Second-Quarter Earnings Rise

Air cargo company Atlas Air Worldwide Holdings said Wednesday it earned $43.2 million or $2.01 a share in the second quarter, up from $10.7 million or 51 cents a year ago.

August 8, 2007

Senate Panel Gives EPA October Deadline to Rule on Calif. Carbon Emissions Request

Just weeks after Environmental Protection Agency Administrator Stephen Johnson said he would delay ruling on California’s nearly 2-year-old request for approval to limit vehicle emissions of greenhouse gases until the end of the year, a Senate committee passed a bill directing him to decide by October.

August 7, 2007

Diesel Rises 1.2 Cents to $2.898 a Gallon

The national average price of diesel fuel rose to its highest level this year, climbing 1.2 cents to $2.898 a gallon, the Department of Energy reported Monday.

August 7, 2007

Quality to Acquire Boasso America

Tanker carrier Quality Distribution, Tampa, Fla., announced Thursday it will pay $60 million to acquire privately-held Boasso America Corp., a Chalmette, La., company that provides tanker cleaning and maintenance services, Bloomberg News reported.

August 3, 2007

Oil Closes at Record $78.21 a Barrel

Crude oil futures closed at a record $78.21 a barrel Tuesday, breaking the previous closing-price record of $77.03 set last summer, the Associated Press reported.

August 1, 2007

Diesel Dips 0.3¢ to $2.886; Gasoline Tumbles Again

Diesel fuel’s national average pump price dipped 0.3 cent to $2.886 a gallon, while gasoline continued its downward trend, falling 8.2 cents to $2.876, the Energy Department said Monday.

July 31, 2007

Volvo’s Second-Quarter Earnings Plunge

Truck maker Volvo AB posted its biggest profit decline in 18 months after stricter emissions rules caused U.S. truck sales to plunge 54%, Bloomberg reported Wednesday.

July 25, 2007