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Business, Fuel

FedEx Reports Higher Earnings; Cuts Forecast

FedEx Corp.

FedEx Corp. Thursday reported a higher first-quarter profit from a year ago, but cut its full-year forecast by 4% due to overall economic volatility and high energy costs.

September 20, 2007
Business, Fuel

Oil Rises Past $82 a Barrel

Edouard Gluck/Blooomberg News

Crude oil futures continue to soar Wednesday, reaching a record $82.51 a barrel in early trading following a Department of Energy report that showed larger-than-expected inventory declines, Bloomberg reported.

September 19, 2007
Fuel, Business, Logistics, Government

Diesel Jumps 4¢ to $2.964; Gas Falls 3.1¢ to $2.787

Larry Smith/Trans Pixs

Diesel fuel’s national average price jumped 4 cents from last week to $2.964 a gallon, the Energy Department said Monday.

September 18, 2007
Business, Government, Fuel

Crude Hits Another Record; Tops $81 Overnight

Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.

September 18, 2007
Government, Business, Fuel, Equipment

Fleet Directors Minimize Tires’ Cost

Tire wear and tear is inevitable, but carriers can minimize its effects by choosing high-quality materials and being rigorous about maintenance and checking correct air pressures, several fleet maintenance chiefs and tire manufacturers say.

September 17, 2007
Government, Business, Safety, Fuel, Logistics

Diesel Price Gains 3.1¢ to $2.924

The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.

September 17, 2007
Business, Fuel, Safety, Government

UPS Expands Air Service in Japan

TT File Photo

UPS Inc. said it reached agreement with the U.S. State and Transportation Departments to expand its air operations to and from Japan.

September 14, 2007
Business, Fuel, Autonomous

Oil Closes Above $80 for First Time

Frank Polich/Bloomberg News

Crude oil futures rose to a third record in three days Thursday, closing the trading day at more than $80 a barrel for the first time ever, Bloomberg reported.

September 13, 2007
Business, Fuel

Oil Tops $80 a Barrel for First Time

Crude oil futures topped $80 a barrel for the first time and closed at a record high for a second straight day, finishing the trading day at $79.19 on the New York Mercantile Exchange, Bloomberg reported Wednesday.

September 13, 2007
Business, Fuel, Government

Diesel Prices to Peak This Month, DOE Says

Retail diesel prices will peak this month before beginning a slow decline through the end of the year, the Energy Department said Tuesday.

September 11, 2007