UPS Inc. will invest an additional $100 million to expand its network of natural gas-powered freight transportation. The expansion will include building 12 more private fueling stations and buying 380 more heavy- duty tractors, the company said.
March 21, 2016TechnologyBusinessGovernmentFuelEquipmentSafety
Adoption of Trailer Aerodynamics Continues to Grow, Report Finds
Fleets have ramped up their investments in trailer aerodynamics systems in recent years to improve fuel economy, and federal regulations are expected to drive further adoption, a new report found.
March 18, 2016GovernmentFuelBusiness
Montana Voters Support Raising Fuel Taxes
A majority of 800 Montana voters surveyed last month favored raising taxes on diesel and gasoline to help pay for the state’s roads and bridges. In the poll commissioned by the Montana Chamber of Commerce, 52% of the voters supported the increase with 41% opposed.
March 18, 2016BusinessFuel
Crude Oil Rises Above $40 in New York for First Time in 3 Months
Oil surged above $40 a barrel in New York for the first time since December as central banks from the United States to Norway signaled they will continue to provide economic stimulus to support demand.
March 17, 2016GovernmentFuelBusiness
Missouri Highway Commissioner Says Fuel-Tax Increase Doubtful This Year
CLINTON, Mo. — Missouri Highway Commissioner Greg Smith told the Missouri Highway 13 Corridor Coalition not to expect a fuel-tax increase to pass the Legislature this year.
March 16, 2016BusinessFuel
Diesel Rises 7.8¢ to $2.099
The U.S. retail diesel average rose for the fourth consecutive week as the fuel continued to climb past the $2 threshold.
March 14, 2016BusinessFuel
Oil Producers Said Likely to Meet in April on Output Freeze
Major oil producers are likely to meet in April to discuss a proposal to freeze output at January levels to stabilize the market, according to four Gulf OPEC delegates.
March 14, 2016BusinessFuel
IEA Says Oil Price May Have Bottomed
Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said.
March 11, 2016GovernmentFuelBusinessSafety
South Carolina Senate OKs Transportation Plan That Conflicts With House Version
After weeks of debate marked by extended filibusters, South Carolina’s Republican-controlled Senate approved a $400 million transportation plan that doesn’t include the fuel-tax increase in the bill passed earlier by the House.
March 10, 2016BusinessFuel
Diesel Rises 3.2¢ to $2.021 in Third Straight Increase
The U.S. diesel average rose 3.2 cents to $2.021 last week for its third increase in a row.
March 7, 2016