Diesel’s national average price rose for a fifth consecutive week, climbing 2.6 cents to $2.904 a gallon, the Department of Energy reported May 18.
May 18, 2015BusinessFuel
Wright Transportation Claims it Was 'Fraudulently Induced' in Diesel-Fuel Deal With Pilot
An Alabama motor carrier who sued Pilot Flying J in connection with a diesel-fuel rebate scam has added a claim that it was “fraudulently induced” into believing it was being given “retail-minus” or “cost-plus” prices for diesel it purchased.
May 18, 2015BusinessFuel
Clean Energy Posts 1Q Loss But Reports Higher Natural-Gas Sales
Natural-gas fueling provider Clean Energy Fuels Corp. reported a wider first-quarter net loss than a year ago but said it delivered 27% more fuel.
May 18, 2015BusinessFuel
Diesel Average Rises 2.4¢ to $2.878; Price Has Climbed 12.4¢ in Past Month
Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.
May 18, 2015BusinessFuel
DOE Boosts 2015 Diesel-Price Forecast But Lowers 2016 Outlook
The Department of Energy bumped its forecast for 2015 diesel prices up by 2 cents to $2.88 a gallon, but lowered its 2016 forecast by 12 cents.
May 12, 2015BusinessFuel
Diesel Average Rises 2.4¢ to $2.878 a Gallon in Fourth Straight Increase
Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.
May 11, 2015BusinessFuel
Oil Retreats on Speculation Global Supply Glut to Endure
Oil dropped a third day in London May 11 amid speculation that a global oversupply will persist.
May 11, 2015FuelBusinessTechnology
OEMs Expand Their Presence in Telematics, Will Work With Tech Vendors, DTNA Says
PRINCETON, N.J. — Original equipment manufacturers will play a larger role in the telematics market in the years ahead, but their efforts will complement the services already provided by third-party technology suppliers rather than replacing them, an OEM’s telematics director told trucking technology professionals here.
May 11, 2015BusinessFuelGovernment
Expeditors Net Income Jumps 27%
Expeditors International of Washington Inc. raised net income 27% to $107.3 million, or 55 cents per share, as business improved for air and ocean freight management services.
May 6, 2015BusinessSafetyGovernmentLogisticsFuel
BNSF Oil-Train Derailment Sets Tank Cars on Fire in North Dakota
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said.
May 6, 2015