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UPS Orders 27 Boeing Jets for Air Shipments

UPS Inc. said Monday it has ordered 27 new Boeing jets to support its growing package business while providing broad options for the management of its air fleet.

February 5, 2007

Air Cargo Shipments Decline in December, Rise for Year

Air cargo shipments fell in December, led by a decline in domestic shipments, but they climbed for the year, the Air Transport Association said Friday.

February 2, 2007

Truck Suppliers See Obstacles in Push for World Vehicle

LAS VEGAS Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty world truck, but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.

February 1, 2007

STB Ruling Hits Rail Fuel-Surcharge Practices

The Surface Transportation Board ruled that freight railroads not calculate their fuel surcharges as a percentage of their base rates.

January 31, 2007

FedEx Completes Acquisition of Indian Express Firm

FedEx Corp. said Wednesday it completed its previously announced acquisition of Indian firm Prakash Air Freight Pvt. Ltd. Terms were not disclosed.

January 31, 2007

Diesel Continues to Decline, Dipping 1.7 Cents to $2.413

The average retail price of diesel fuel fell 1.7 cents to $2.413 a gallon, the Energy Department reported Monday.

January 30, 2007

Crude Oil Price Posts Biggest Gain Since September 2005

Crude oil futures posted their biggest one-day gain Tuesday since September 2005, rising on forecasts of continuing cold weather and expectations of a stronger U.S. economy, Bloomberg reported.

January 30, 2007

President Pushes Ethanol, Biodiesel in State of Union Address

President Bush outlined an energy plan Tuesday that would boost the use of alternate fuels such as ethanol and biodiesel, and would seek a 20% reduction in gasoline use in the next 10 years, news services reported.

January 24, 2007

Diesel Dips 3.3 Cents to $2.43; Gasoline Falls to $2.165

The average price of retail diesel fuel fell 3.3 cents to $2.43 a gallon, the Department of Energy said Monday.

January 23, 2007