Trucking and logistics operator Kane Is Able Inc. has sued Volvo Group North America, Cummins Westport and Agility Fuel Systems in connection with the fire and explosion of a CNG-powered tractor earlier this year, seeking to recover damages related to the incident.
August 24, 2015BusinessFuel
Oil Falls Below $40 a Barrel for First Time Since 2009
Oil plunged below $40 a barrel in New York for the first time in more than six years, extending the longest decline since 1986 on concern slower demand growth will prolong a global glut.
August 21, 2015Fuel
California Air Quality Regulators Target Nitrogen Oxide Emissions Reduction
State air quality regulators in California said proposed Phase 2 standards for reducing greenhouse-gas emissions and increasing fuel efficiency for medium- and heavy-duty trucks do not go far enough.
August 18, 2015Fuel
Report Says Proposed GHG Rule Good for Bottom Line
A report on the proposed Phase 2 greenhouse-gas rules found 87% of medium- and heavy-duty fleet operators surveyed earlier supported increased fuel efficiency and fewer emissions because the changes would also reduce what typically is trucking’s second-biggest expense, fuel.
August 18, 2015BusinessFuel
National Diesel Average Dips 0.2¢ in 12th Consecutive Decline
The average price of diesel fuel in the United States declined 0.2 cent a gallon to $2.615, the 12th straight weekly decline, the Department of Energy reported Aug. 17.
August 17, 2015BusinessFuel
Diesel Price Drops 5.1¢ to $2.617
The slide in the U.S. diesel average price reached an 11th straight week, with the Department of Energy reporting another decline Aug. 10, this time by 5.1 cents a gallon to $2.617.
August 17, 2015BusinessFuel
Oil's Worst-Ever Summer Signals Price Rout Nowhere Near Done
If crude’s slump back to a six-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil.
August 14, 2015BusinessFuel
Breakdown at Indiana Refinery Sends Midwest Gasoline Prices Soaring
For want of a refinery unit in Indiana, oil prices are tumbling in Oklahoma and Alberta while gasoline prices in the Midwest are soaring.
August 13, 2015BusinessFuel
Oil Tumbles to Six-Year Low on Rising Crude Output, Yuan's Devaluation
Oil sank to a six-year low Aug. 13 as rising crude output and signs that China’s economy is weakening increased concern that a global surplus will worsen.
August 13, 2015BusinessFuel
DOE Lowers 2015 Diesel-Price Forecast 13¢ to $2.73
The Department of Energy lowered its 2015 forecast for U.S. diesel prices 13 cents to $2.73 a gallon and its 2016 projection by 23 cents to $2.81.
August 12, 2015