The national average price of diesel fuel fell for the first time in a month, declining 2.8 cents to $4.149 a gallon, the Energy Department said Monday.
May 6, 2008GovernmentBusinessSafetyFuel
Oil Soars Past $122; Regulators Considering More Oversight
With oil soaring to new records — crude surged past $122 a barrel on Tuesday for the first time — federal regulators are considering stricter regulation of the oil industry, the Wall Street Journal reported Tuesday.
May 6, 2008BusinessSafetyGovernmentLogistics
Mullen’s 1Q Income Declines; Truck Segment Improves
Canadian transportation firm Mullen Group Income Fund’s first-quarter profit fell but its trucking and logistics unit’s performance improved, the company said late Monday.
May 6, 2008BusinessGovernment
FedEx Expands Truckload Brokerage to Canada
FedEx Truckload Brokerage has expanded its coverage to many parts of Canada, the company said Monday.
May 5, 2008BusinessGovernment
Senators Want EPA to Waive Future Ethanol Mandates
A group of Senate Republicans want the Environmental Protection Agency to consider waiving ethanol production mandates, amid rising food prices, the Associated Press reported Monday.
May 5, 2008BusinessSafetyGovernment
ISM Services Index Expands
The U.S. economy’s service showed expansion last month, the Institute for Supply Management said Monday.
May 5, 2008Business
Pilgrim’s Pride Reports Fiscal 2Q Loss
Pilgrim’s Pride Corp., the world’s biggest poultry processor, said Monday it lost $111.4 million, or $1.67 per share, in its fiscal second quarter, compared with a loss of $40.1 million, or 60 cents, a year ago.
May 5, 2008GovernmentBusinessSafetyFuel
Auto Industry Seeks States’ Support on Emissions Rules
The automobile industry is focusing on state lawmakers in an effort to head off any plans to regulate greenhouse-gas emissions similarly to California, the Wall Street Journal reported Monday.
May 5, 2008BusinessLogisticsGovernment
Gasoline Surges 15¢ to $3.62
Gasoline prices jumped 15 cents in the past two weeks to a national average $3.62 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
May 5, 2008BusinessGovernmentSafetyFuel
Fuel Cards Offer New Services as Competition Intensifies
Competition among fuel-card providers to keep major fleets is intensifying as carriers seek to mitigate the $4-a-gallon cost of fuel by paying closer attention to how it’s purchased.
May 5, 2008