Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007Business, Government, Safety, Fuel, Equipment
Fleets to Face Engine Dilemma as Some Makers Avoid SCR
The decision by two major engine manufacturers, Cummins Inc. and Navistar International, to build 2010 heavy-duty diesel engines without selective catalytic reduction technology has upset truck sales forecasts for the 2009 and 2010 truck markets.
November 5, 2007Business, Logistics, Fuel, Government
Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007Business, Government, Fuel
Oil Closes Week at Record $95.93 a Barrel
Business, Fuel
Oil Continues to Soar; Tops $96 in Intraday Trading
Crude oil continued to soar, rising to more than $96 a barrel early Thursday, following Wednesday's Energy Department report that showed lower supplies, Bloomberg reported.
November 1, 2007Fuel, Business, Logistics, Government
Diesel Rises 6.3¢ to Match Record $3.157
The national average price of diesel fuel rose 6.3 cents to $3.157 a gallon, matching the all-time record set two years ago, the Energy Department said Monday.
October 30, 2007Business, Fuel, Government, Safety
Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007Business, Government, Fuel
OPEC Says Oil Will Not Reach $100 Soon
OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.
October 30, 2007Business, Fuel
Oil Tops $93 a Barrel
Crude oil climbed above $93 a barrel for the first time in intraday trading Monday, after Mexico shut 20% of its production, Bloomberg reported.
October 29, 2007Business, Government, Safety, Fuel, Logistics
Graves Urges Industry to Lead on Warming, Highway Issues
ORLANDO, Fla. — ATA President Bill Graves challenged industry leaders to move aggressively to lead the national debate on climate change, linking truck emission reductions to higher fuel consumption and the need for greater trucking productivity to alleviate congestion.
October 29, 2007Fuel, Business, Government
Diesel Climbs 5.5¢ to $3.094; Gasoline Jumps 6.1¢ to $2.823
The average pump price of diesel fuel jumped 5.5 cents to $3.094 a gallon — the highest since the all-time record set in the same week two years ago, the Department of Energy said Monday.
October 23, 2007