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Oil Continues to Fall; DOE Approves Some SPR Releases

Oil prices continued to fall Tuesday, dropping below $92 a barrel in early trading, while Department of Energy approved oil releases from the Strategic Petroleum Reserve to help refineries left with supply shortages due to Hurricane Ike, Bloomberg reported.

September 16, 2008

Consumer Price Index Falls for First Time in Two Years

Consumer prices fell in August for the first time in almost two years, the Labor Department said Tuesday.

September 16, 2008

New York Manufacturing Index Shows Contraction

Manufacturing growth in New York state declined this month, showing contraction, the Federal Reserve Bank of New York said Monday.

September 15, 2008

Highway Coalition Applauds Rejection of Pa. I-80 Tolls

A coalition of highway users including American Trucking Associations applauded the U.S. Department of Transportation’s decision last week to reject tolls on Interstate 80 in Pennsylvania, though a truckers group in that state warned that officials may seek to privatize the Pennsylvania Turnpike.

September 15, 2008

Oil Falls Below $95 as Refineries Escape Major Damage from Hurricane Ike

Crude oil fell $7 to below $95 a barrel in early trading Monday, a seven-month low, as Gulf of Mexico refineries escaped major damage from Hurricane Ike over the weekend, Bloomberg reported Monday.

September 15, 2008

PeopleNet’s eDriver Logs to Integrate with McLeod’s LoadMaster Software

PeopleNet, which provides onboard communications and fleet management systems, said Monday it is integrating its eDriver Logs automated driver log application with LoadMaster dispatch and enterprise software from McLeod Software.

September 15, 2008

EU Sets 10% Biofuels Requirement

The European Parliament’s energy committee voted to require that at least 10% of road transport fuel in 2020 come from renewable sources led by biofuels, while adding checks to prevent food shortages, Bloomberg reported.

September 15, 2008

EPA Allows California to Require On-Board Diagnostics in 2010

In a sweeping decision with possible national implications, the Environmental Protection Agency has granted California a waiver that will allow state environmental regulators to implement stringent new heavy-duty vehicle and engine onboard diagnostics requirements for 2010 engines and beyond.

September 15, 2008

Diesel Drops 3.6¢ to $4.023; Gasoline Jumps 18.7¢ to $3.835

Despite a major hurricane on Texas’ Gulf Coast this weekend, diesel fuel’s national average price fell for the ninth straight week, dropping 3.6 cents to $4.023 a gallon, but gasoline’s average jumped 18.7 cents, the Department of Energy said Monday.

September 16, 2008

Gulf Refineries Brace for Hurricane Ike’s Landfall Near Houston

Oil refineries on the Gulf Coast in Texas and Louisiana shut down operations Friday as Hurricane Ike prepared to come ashore overnight near Houston in what could be the biggest hurricane to hit Texas in 50 years, news services reported.

September 11, 2008