Fuel
Fuel, Government

U.S. Fuel Prices Continue to Rise

Fuel prices continued to rise last week as heavy demand for diesel and gasoline combined with high oil prices and a string of refinery shutdowns.

April 23, 2007
Business, Fuel, Safety, Government

Swift’s First-Quarter Earnings Tumble

Tom Biery/Trans Pixs

Swift Transportation Co.’s first-quarter profit fell 74% because of a pending buyout, bad weather, higher fuel costs and lower demand.

Transport Topics
April 19, 2007
Fuel, Business, Government

Diesel Rises 3.7¢ to $2.877

Bruce Harmon/Trans Pixs

The average price of retail diesel fuel rose 3.7 cents to $2.877 a gallon, the Department of Energy reported Monday.

Transport Topics
April 17, 2007
Government, Business, Fuel

Maersk to Boost Fuel Surcharge

A.P. Moeller-Maersk, the world’s largest ocean shipping line, is boosting its North America to Europe rates due to higher fuel costs, Bloomberg reported Monday.

Transport Topics
April 16, 2007
Business, Fuel, Autonomous

Bankruptcies Increase as Freight Declines

Trucking company failures jumped in the first quarter of 2007, and industry observers warned of tougher times ahead because of an uncertain economy, weak freight loads and rising fuel costs.

April 16, 2007
Business, Fuel, Government

Diesel Gains 5¢ to $2.84 a Gallon

The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.

April 16, 2007
Business, Fuel

U.S. Xpress to Report 1Q Loss

Tom Biery/Trans Pixs

Truckload carrier U.S. Xpress Enterprises said Friday it will report a first-quarter loss next week on declining freight demand and rising fuel costs.

Transport Topics
April 13, 2007
Business, Fuel, Government

March Producer Prices Rise 1%

Bloomberg News

The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.

Transport Topics
April 13, 2007
Business, Fuel, Government

UPS Signs China Air Pact

TT File Photo

UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.

Transport Topics
April 12, 2007
Business, Fuel, Government

Oil Rises Following DOE Report

Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.

Transport Topics
April 11, 2007

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