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Kitty Hawk’s 4Q Earnings Increase

Air freight and cargo company Kitty Hawk Inc. said Tuesday it earned $8.3 million or 15 cents a share in the fourth quarter, compared with a loss of $4.1 million or 8 cents a year earlier.

April 3, 2007

Diesel Jumps 11.4¢ to $2.79

After falling by less than a penny in each of the past two weeks, the national average price of diesel fuel jumped 11.4 cents Monday to $2.79 a gallon, the Energy Department reported.

April 3, 2007

Diesel Dips to $2.676

The U.S. average retail price of diesel fuel dipped by 0.5 cent to $2.676 a gallon last week, its second straight tiny decline, the Department of Energy said.

April 2, 2007

Falling Freight Gives Shippers Leverage

A loosening of the tight capacity for freight hauling now makes the fuel-surcharge programs — upon which motor carriers depend to insulate them from fuel price spikes — vulnerable to demands for change by shippers.

April 2, 2007

EPA Issues SCR Guidelines

The U.S. EPA said last week that diesel engine manufacturers who want to use selective catalytic reduction to meet EPA’s 2010 emission rules must supply the urea SCR requires and prove it will be available to truck drivers using those engines.

April 2, 2007

UTi Worldwide’s 4Q, Full-Year Income Rise

Air and ocean freight forwarder UTi Worldwide's fourth-quarter net income rose to $23.6 million or 24 cents a share, from $9.7 million or 10 cents a year earlier.

April 2, 2007

Crude Oil Prices Continue to Rise, Topping $64 a Barrel

Crude oil futures rose to more than $64 a barrel in early trading Wednesday on the New York Mercantile Exchange, the seventh straight trading day of increases, Bloomberg reported.

March 28, 2007

Diesel Average Price Falls 0.5 Cent to $2.676 a Gallon

The average national price of retail diesel fuel fell for a second straight week, dipping 0.5 cent to $2.676 a gallon, the Department of Energy reported Monday.

March 27, 2007

Biofuels Use to Surge as Governments Set Consumption Targets

Ethanol and biodiesel production is expected to surge in the next few years as government officials in Europe and the United States set higher targets for consumption and maintain subsidies for producers, a panel of experts predicted at a forum on biofuel policies and trade organized by the German Marshall Fund of the United States.

March 26, 2007