Fuel
Business, Fuel, Government, Safety

Kitty Hawk Ceases Operations; Lays Off 500 Workers

Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.

Transport Topics
October 30, 2007
Business, Government, Fuel

OPEC Says Oil Will Not Reach $100 Soon

OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.

Transport Topics
October 30, 2007
Business, Fuel

Oil Tops $93 a Barrel

Edouard Gluck/Blooomberg News

Crude oil climbed above $93 a barrel for the first time in intraday trading Monday, after Mexico shut 20% of its production, Bloomberg reported.

Transport Topics
October 29, 2007
Business, Government, Safety, Fuel, Logistics

Graves Urges Industry to Lead on Warming, Highway Issues

ORLANDO, Fla. — ATA President Bill Graves challenged industry leaders to move aggressively to lead the national debate on climate change, linking truck emission reductions to higher fuel consumption and the need for greater trucking productivity to alleviate congestion.

October 29, 2007
Fuel, Business, Government

Diesel Climbs 5.5¢ to $3.094; Gasoline Jumps 6.1¢ to $2.823

Bruce Harmon/Trans Pixs

The average pump price of diesel fuel jumped 5.5 cents to $3.094 a gallon — the highest since the all-time record set in the same week two years ago, the Department of Energy said Monday.

Transport Topics
October 23, 2007
Business, Fuel, Government, Safety

Forward Air’s Third-Quarter Profit Declines

Forward Air Corp., a contractor to the air cargo industry, said its third-quarter profit fell 15% to $10.8 million or 36 cents a share, from $12.7million or 41 cents a year ago.

Transport Topics
October 23, 2007
Business, Fuel, Government, Safety

Forward Air’s Third-Quarter Profit Declines

Forward Air Corp., a contractor to the air cargo industry, said its third-quarter profit fell 15% to $10.8 million or 36 cents a share, from $12.7million or 41 cents a year ago.

Transport Topics
October 23, 2007
Government, Business, Safety, Fuel

Kuehne & Nagel Profit Rises 34%

Kuehne & Nagel International AG, the world’s largest ocean freight forwarder, said Monday its third-quarter profit rose 34%, helped by increased air and ocean shipments, Bloomberg reported.

Transport Topics
October 22, 2007
Fuel, Business, Logistics, Government

Crude Oil Nears $90 a Barrel; Diesel Fuel Inches Up to $3.039

The national average retail price of diesel fuel rose 0.4 cent to $3.039 a gallon last week, the Department of Energy reported, and analysts were predicting additional increases as crude oil prices neared an un-precedented $90 a barrel.

October 21, 2007
Fuel, Business, Government

Oil Inventories Rise; Crude Tops $87 a Barrel

Larry Smith/Trans Pixs

Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.

Transport Topics
October 17, 2007

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