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Oil Dips for Fourth Straight Session

Oil fell 36 cents Wednesday to close at $109.35 a barrel on the New York Mercantile Exchange, as several crude intake ports reopened on the Gulf Coast following Hurricane Gustav, Bloomberg reported.

September 3, 2008

EPA Approves Fuel Waiver for 16 Louisiana Parishes

The Environmental Protection Agency said it waived some clean fuel requirements for 16 parishes in the Louisiana until next Monday, Sept. 8, due to Hurricane Gustav, which hit the state Monday.

September 2, 2008

Oil Falls Below $110, as Gustav Spares Major Gulf Rig Damage

Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.

September 2, 2008

Wright Express Completes International Acquisition

Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.

September 2, 2008

Kenworth Offers Synthetic Axle Lube as Standard

Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.

September 2, 2008

Forward Air to Acquire Service Express

Forward Air Corp. said Monday its wholly owned subsidiary, Forward Air Solutions Inc., has entered into an agreement to acquire certain assets of Service Express, a privately held provider of pool distribution and related services headquartered in Spartanburg, S.C.

September 2, 2008

Diesel Slips 2.4¢ to $4.121

Despite Hurricane Gustav blowing through the Gulf of Mexico over the weekend, diesel fuel’s national average price fell 2.4 cents to $4.121 a gallon in a seventh straight decline, the Energy Department said Tuesday.

September 3, 2008

DOT Won’t Block DHL-UPS Air Deal

Transportation Secretary Mary Peters told Ohio Gov. Ted Strickland (D) she does not believe the plan by DHL Express to use UPS Inc. for its U.S. air cargo operations constitutes unfair competition.

August 29, 2008

Fuel Average Drops Again

The U.S. average price of retail diesel continued its descent last week, falling another 6.2 cents a gallon to $4.145, the Department of Energy reported.

September 1, 2008

China’s Largest Truck Company’s Profit Rises 40%

China’s largest truck maker, Sinotruk, boosted a first-half profit 40% as consumers rushed to buy vehicles before the introduction of a new emissions regulation, Bloomberg reported Thursday.

August 28, 2008