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Business, Government, Fuel

Oil Rises Following DOE Report

Larry Smith/Trans Pixs

Crude oil prices rose Thursday to their highest level in 11 weeks, on continued concerns over U.S. refinery capacity and output, Bloomberg reported.

Transport Topics
June 14, 2007
Business, Fuel, Government, Safety

DHL Buys Stake in Miami Air Cargo Firm

DHL has bought a 49% stake in a Miami air cargo company and extended its contract with the company through 2019, the company said.

Transport Topics
June 13, 2007
Government, Business, Safety, Fuel

Congress Eyes Boosting Fuel Economy

Stronger fuel-economy rules stand their best chance in years of passing Congress, amid heightened concern about gas prices and global warming, the Los Angeles Times reported Tuesday.

Transport Topics
June 12, 2007
Fuel, Business, Logistics, Government

Diesel Dips 0.7¢ to $2.792; Gas Plunges 8.1¢ to $3.076

Larry Smith/Trans Pixs

Diesel fuel’s national average retail price dipped 0.7 cent $2.792 a gallon and gasoline's pump price plunged, the Department of Energy said Monday.

Transport Topics
June 12, 2007
Fuel, Government

China Sets Biofuels Moratorium

China announced a moratorium on the production of ethanol from corn and other food crops Monday, at the same time that Western leaders are moving to embrace more alternative fuels, the Times of London reported Tuesday.

Transport Topics
June 12, 2007
Fuel, Business, Government

‘Hot Fuel’ Comes Under Federal Scrutiny

Federal lawmakers said that oil companies and service station owners cheated consumers due to fuel’s tendency to expand in warm temperatures, the Los Angeles Times reported Saturday.

Transport Topics
June 11, 2007
Business, Fuel

Crude Oil Tumbles $2 a Barrel

Crude oil plunged more than $2 a barrel from a nine-month high on concern that rising interest rates may lead to slower growth in demand, Bloomberg reported Friday.

Transport Topics
June 8, 2007
Business, Fuel

EPA Official Resigns as Head of Emissions Program

By Andrea Fischer, Staff Reporter

This story appears in the June 4 print edition of Transport Topics. Click here to subscribe today.

June 8, 2007
Business, Fuel, Government

UTi Worldwide’s 1Q Income Dips

Air and ocean freight forwarder UTi Worldwide’s fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.

Transport Topics
June 7, 2007
Business, Fuel, Government, Logistics

Ceva Secures EGL Financing

EGL Inc.

The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.

Transport Topics
June 6, 2007

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