FleetCor Technologies Inc., a Norcross, Ga.-based provider of fuel cards and workforce payment systems, said it acquired NexTraq, a provider of fleet telematics services, from private equity firm Francisco Partners.
December 5, 2013FuelBusiness
Lawmaker Proposes 15¢ Increase in Fuel Tax
WASHINGTON — An Oregon congressman has introduced legislation that would boost federal taxes on diesel and gasoline to fill a widening shortfall in the federal government’s main source of transportation funding.
December 9, 2013BusinessFuel
Soaring U.S. Crude Output Could Buoy Trucking Industry
The significant growth in U.S. crude oil production, which recently overtook imports for the first time in 18 years, should help trucking by increasing freight volumes and possibly keeping a lid on prices, industry experts said.
December 9, 2013BusinessFuel
Diesel Price Rises 3.9¢
U.S. retail diesel prices rose for a second straight week, with the national average gaining 3.9 cents to $3.883 a gallon, while gasoline declined, the Department of Energy reported Dec. 2.
December 9, 2013BusinessFuel
DEF Prices Stable in November
North American prices for diesel exhaust fluid changed little in November, with the U.S. price increasing and the Canadian price dipping, said the Dec. 5 issue of DEF Tracker.
December 5, 2013BusinessFuel
CNG Prices Decline, DOE Says
U.S. retail compressed natural gas prices dropped to their lowest level since July 2012, the Department of Energy reported Dec. 5.
December 5, 2013GovernmentFuel
Blumenauer Seeks 15-Cent Diesel Tax Increase
WASHINGTON — An Oregon congressman has introduced legislation that would nearly double federal taxes on diesel and gasoline to fill a widening shortfall in the federal government’s main source of transportation funding.
December 5, 2013BusinessFuel
OPEC Maintains Oil Output Level
The Organization of Petroleum Exporting Countries decided Dec. 4 to maintain the current crude oil production level until June in an effort to keep prices stable.
December 4, 2013BusinessFuelGovernment
Trade Deficit Declines for First Time in Four Months
The U.S. trade deficit declined in October for the first time in four months, the Commerce Department reported Dec. 4.
December 4, 2013BusinessFuel
Diesel Takes Second Straight Increase; Gas Sees First Drop in 3 Weeks
Diesel’s national average price rose for a second straight week, gaining 3.9 cents to $3.883 a gallon, the Department of Energy reported Dec. 2.
December 3, 2013