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Diesel Rises 3¢ to $2.803 a Gallon

Diesel fuel's national average price rose 3 cents to $2.803 a gallon last week, while retail gasoline spiked 11.5 cents to an all-time record of $3.218.

May 28, 2007

STB Asked to Delay New Limits On Freight Rate-Setting Bureaus

The National Motor Freight Traffic Association has asked the Surface Transportation Board to delay a decision to end antitrust immunity for trucking rate bureaus.

May 28, 2007

Union Fund Exit Would Cost UPS Up to $4 Billion

UPS Inc. would have to pay about up to $4 billion to cover its share of a Teamsters pension fund’s obligations, industry sources said.

May 28, 2007

Bridgestone/Bandag Deal Gains EU Antitrust Clearance

Tire maker Bridgestone Corp. has secured European antitrust approval to buy Bandag Inc. for $1.05 billion, Bloomberg reported Tuesday.

May 29, 2007

Preliminary Report Shows Downturn in ’06 Large-Truck Crash Fatalities

Preliminary data released by the Department of Transportation show that fatalities from large truck crashes declined 3.7% last year compared with 2005.

May 30, 2007

Knight Raises Quarterly Dividend

Truckload carrier Knight Transportation said Tuesday its board raised the company’s quarterly cash dividend, declaring a dividend of 3 cents per share, an increase of 50%.

May 29, 2007

Diesel Climbs 1.4¢ to $2.817

Diesel fuel’s national average pump price rose for a second straight week, gaining 1.4 cents to $2.817 a gallon, the Department of Energy said Monday.

May 30, 2007

Durable Orders Rise for Third Month

Durable goods orders rose for a third straight month in April, gaining 0.6%, the Commerce Department said Thursday.

May 24, 2007

Biofuels May Boost Gas Prices, N.Y. Times Says

Continued record high gasoline prices may become a trend, due in part to an expansion in biofuel development, according to some oil executives, the New York Times reported Thursday.

May 24, 2007