Three institutional investors have put $15.5 million in financing into Innovation Fuels, an Albany, N.Y., company that makes and distributes biodiesel fuel worldwide, financial firm Credit Suisse said Tuesday.
June 3, 2008Search
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ATA Backs Oil-Market Investigation
American Trucking Associations said Wednesday that it supports the U.S. Commodity Futures Trading Commission for taking steps toward increasing transparency of the energy futures markets.
June 4, 2008GM Closing Four North American Plants
General Motors Corp. is closing four North American truck and sport utility vehicle plants, in light of high fuel prices that are pushing consumers to smaller vehicles, the Associated Press reported Tuesday.
June 3, 2008Oil Declines to $122 a Barrel
Crude oil continued its recent slide Wednesday, falling $2 to close at $122.30 a barrel on the New York Mercantile Exchange, Bloomberg reported.
June 4, 2008Letters to the Editor: Fuel-Protests, Fuel-Intermodal, Fuel-Surcharges, Troopers in Trucks, Border Pilot Program
The only way fuel prices will ever come back down to reasonable levels is for our nation’s truckers to park their rigs for three to seven days. Even drivers for major companies would need to park and refuse to drive.
June 4, 2008Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976
The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.
June 3, 2008Bill Would Require Ships to Use Clean Fuel
Emissions from cargo ships would be reduced under legislation that passed the Senate Environment and Public Works Committee, the Associated Press reported.
May 30, 2008Minnesota to Require 20% Biodiesel in 2015
Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.
May 30, 2008Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains
Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.
June 2, 2008Feds Probing Oil Markets, Journal Says
Federal regulators disclosed a sweeping probe into U.S. oil-market trading and said they were expanding surveillance of energy markets, the Wall Street Journal reported Friday.
May 30, 2008