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Hodges Says Cap-and-Trade Plan Threatens Trucking’s Viability

A House cap-and-trade energy bill would “add another layer of volatility” to the already erratic price of diesel fuel that could jeopardize the economic viability of trucking companies, Tommy Hodges, first vice chairman of American Trucking Associations, said last week.

June 15, 2009

Fuel Jumps 14.6¢ to $2.498

Still smarting from record fuel costs last year and fighting to survive a global recession, the trucking industry is wincing over a five-week run-up in diesel prices, capped by a 14.6-cent jump last week.

June 15, 2009

DOE Boosts Diesel, Gas Price Projections

Diesel fuel will average $2.40 a gallon this year and $2.67 next year, lower than last year’s record high level but up sharply from a previous estimate, the Department of Energy said.

June 9, 2009

Diesel Jumps 14.6¢ to $2.498 in Fifth Straight Gain

The national average price of diesel fuel jumped 14.6 cents to $2.498 a gallon, its fifth straight gain and the biggest single-week jump in more than a year, the Department of Energy said.

June 9, 2009

GAO Urges Speedier GPS System Upgrade

The accuracy of the Global Positioning System could be compromised as early as next year if the U.S. Air Force cannot meet an ambitious schedule for space and ground infrastructure deployment, according to a new report from the Government Accountability Office.

June 8, 2009

Ongoing Fuel Price Increases

Retail diesel prices in the United States hit their highest mark since December, as increasing crude oil costs work deeper into the fuel supply.

June 8, 2009

Diesel Jumps 7.8¢ to $2.352

The average price of a gallon of diesel fuel jumped 7.8 cents last week to $2.352 a gallon, the highest level since December, while gasoline rose another 8.9 cents as crude oil pushed near $70 a barrel, the Department of Energy reported.

June 8, 2009

Navistar Challenges EPA

Truck and engine manufacturer Navistar Inc. has challenged the Environmental Protection Agency’s authority to certify heavy-duty diesel engines using selective catalytic reduction to meet the agency’s 2010 emission standards, saying EPA skipped an important regulatory step.

June 8, 2009

UTi Worldwide’s Profit, Revenue Decline

Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.

June 5, 2009