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Business, Fuel, Safety, Government

DHL Testifies Before House Panel on UPS Air Deal

DHL Americas

DHL Express Global Chief Executive Officer John Mullen told a House panel Tuesday that the company’s proposed deal to let UPS Inc. handle its North American air services was necessary for the company “to remain a viable competitor in the U.S. market.”

September 9, 2008
Fuel, Business, Logistics, Government

Diesel Drops 6.2¢ to $4.059 in Eighth Straight Decline

Bruce Harmon/Trans Pixs

The national average price of diesel fuel fell for an eighth straight week, dropping 6.2 cents to $4.059 a gallon, the Department of Energy said Monday.

September 9, 2008
Business, Fuel, Government

EPA Approves More Fuel Waivers Due to Storms

In the aftermath of Hurricane Gustav and Tropical Storm Hanna, EPA has exercised its authority under the Clean Air Act to temporarily waive certain federal clean fuel requirements for areas of Alabama, Georgia, and North Carolina until next Monday, Sept. 15.

September 8, 2008
Government, Business, Fuel

UTi Worldwide Reports Higher Earnings

Air and ocean freight forwarder UTi Worldwide said its net income for its 2009 fiscal second quarter ended July 31 rose to $33.7 million, or 33 cents a share, from $27.7 million, or 28 cents a year ago.

September 8, 2008
Government, Business, Fuel

Medium-Duty Truck Review: Green Is Clearly the Designer Color for 2009 Models

The color for 2009 medium- and light-duty trucks is green, as in environmentally friendly. There are no major changes to designs for the 2009 model year; like heavy-duty trucks, the next major changes will occur with the 2010 model year as manufacturers adapt to the next round of diesel emission standards.

September 8, 2008
Government, Business, Fuel

Diesel Dips 2.4¢ to $4.121

The average price of retail diesel in the United States dipped 2.4 cents a gallon last week to $4.121, the seventh straight decline, even as Hurricane Gustav reached the Gulf Coast, the Department of Energy reported.

September 8, 2008
Fuel, Business, Government

Consumer Confidence Jumps on Lower Fuel Prices

U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.

September 5, 2008
Business, Fuel

Oil Dips for Fourth Straight Session

Frank Polich/Bloomberg News

Oil fell 36 cents Wednesday to close at $109.35 a barrel on the New York Mercantile Exchange, as several crude intake ports reopened on the Gulf Coast following Hurricane Gustav, Bloomberg reported.

September 3, 2008
Fuel, Business, Logistics, Government

Diesel Slips 2.4¢ to $4.121

Larry Smith/Trans Pixs

Despite Hurricane Gustav blowing through the Gulf of Mexico over the weekend, diesel fuel’s national average price fell 2.4 cents to $4.121 a gallon in a seventh straight decline, the Energy Department said Tuesday.

September 3, 2008
Business, Fuel

Oil Falls Below $108 as Gustav Damage Appears Minimal

Crude oil fell more than $2 to below $108 a barrel in early trading Wednesday, as major oil firms said Hurricane Gustav did not cause any significant damage to Gulf of Mexico oil facilities over the weekend, Bloomberg reported.

September 3, 2008

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