OPEC ministers extended their campaign to restrain rival oil producers by continuing to pump oil into a global supply glut and keeping their combined daily production target at 30 million barrels.
June 5, 2015Search
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California Drought, Texas Floods Cut Produce Truck Demand
California’s drought and Texas’ floods have softened freight demand and created a more stable environment for produce shipments, in sharp contrast to 2014’s painful price spikes and capacity constraints, industry officials said.
June 8, 2015Diesel Price Dips a Half-Cent to $2.909 in First Decline in Seven Weeks
Diesel’s average price dipped a half-cent to $2.909 a gallon, the first downturn in seven weeks, the Department of Energy reported June 1.
June 2, 2015TT Archives: Energy Crisis
A shortage of diesel fuel was headline news for trucking even before the Arab oil embargo in October 1973 led to long lines at the gas pump for motorists and calls for energy independence.
June 1, 2015Peterbilt Concerned About Federal GHG Requirements
DENTON, Texas — Peterbilt Motors Co. is eager to see how the upcoming second phase of federal greenhouse-gas regulation will tell truck makers how to score the carbon dioxide emissions from their vehicles.
May 29, 2015Diesel Average Up 1¢ to $2.914 In 6th Consecutive Increase
Diesel’s average U.S. price rose 1 cent to $2.914 a gallon last week, the sixth straight increase, the Department of Energy reported.
June 1, 2015GE Capital Canada Signs Agreement With Shell to Boost LNG Use in Trucking
GE Capital Canada said it has signed an agreement with Shell Canada Products to facilitate the trucking industry’s adoption of liquefied natural gas in that country.
May 28, 2015Crude Oil Price Falls Amid Ample US Supply, Output Gain
The price of oil fell in New York on May 27 on ample U.S. crude stockpiles as output surged to a record.
May 28, 2015Iraq Set to Flood Oil Market to Further Undercut US Shale
Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.
May 27, 2015Diesel Average Rises a Penny to $2.914 in Sixth Straight Gain
Diesel’s national average price rose a penny to $2.914 a gallon, the sixth straight increase for trucking's main fuel, the Department of Energy reported.
May 26, 2015