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Diesel Price Slips 2.8¢ to $4.149

The average price of retail diesel slipped 2.8 cents last week from its all-time record — the first decline in four weeks — as the Department of Energy released a prediction that prices would remain above $4 a gallon for the foreseeable future.

May 12, 2008

ATA Unveils Sustainability Plan; Backs Truck Fuel-Use Standard

American Trucking Associations launched a major initiative to meet the industry’s growing fuel-price crisis, supporting for the first time national truck fuel-economy standards.

May 12, 2008

Wholesale Inventories Decline in March

Wholesale inventories fell 0.1% in March, led by a decline in crude oil supplies, the Commerce Department said Thursday.

May 8, 2008

Atlas Air Reports First-Quarter Loss

Air cargo company Atlas Air Worldwide Holdings said Thursday it lost $5.3 million, or 25 cents a share, in the first quarter, compared with a profit of $6.2 million, or 29 cents, a year ago.

May 8, 2008

ATA Unveils Sustainability Initiative for Trucking Industry

American Trucking Associations and a group of trucking companies Thursday launched a program of initiatives to move the trucking industry toward a more sustainable future, which includes steps to reduce carbon dioxide emissions from heavy trucks.

May 8, 2008

ATA Calls for 65-MPH Speed Limit to Curb Fuel Consumption

An American Trucking Associations official asked a congressional panel to set a national speed limit of 65 miles per hour, as part of a series of steps ATA said would support the trucking industry’s efforts to reduce fuel consumption and address the escalating cost of diesel.

May 7, 2008

Oil Surges Past $123 a Barrel

Oil prices continued to surge, pushing past $123 a barrel for the first time Wednesday, even as a Department of Energy report showed supplies improved last week, Bloomberg reported.

May 7, 2008

Oil Soars Past $122; Regulators Considering More Oversight

With oil soaring to new records — crude surged past $122 a barrel on Tuesday for the first time — federal regulators are considering stricter regulation of the oil industry, the Wall Street Journal reported Tuesday.

May 6, 2008

DeFazio Says Congress Should Help Truckers Hit by Fuel Costs

A key Congressman said lawmakers should help the trucking industry cope with diesel prices that have risen 45% in the past year, Bloomberg reported.

May 6, 2008

DOE Boosts Diesel-Price Forecast

Diesel fuel will average $3.94 per gallon at the pump this year — more than a dollar over last year’s average and higher than the $3.62 forecast issued last month, the Department of Energy said.

May 6, 2008