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Business, Fuel, Government

Forward Air Issues 4Q Profit Warning

Forward Air Corp. lowered its fourth-quarter earnings guidance, citing “severely worsening economic conditions” in the second half of the quarter.

January 22, 2009
Business, Fuel

Diesel Drops 1.8¢ to $2.296 a Gallon

Larry Smith/Trans Pixs

After rising for the first time in three months last week, retail diesel resumed its downward trend, falling 1.8 cents to $2.296 a gallon while gasoline rose for the third straight week, the Department of Energy said Wednesday.

January 22, 2009
Business, Fuel, Equipment

Cummins Emissions Unit Sets Partnership; Will Close Wisconsin Plant

Cummins Inc. unit Cummins Emission Solutions said it will partner with a technology company for 2010 engine controls and that it will close a Wisconsin plant.

January 21, 2009
Government, Business, Safety, Fuel

EPA Won’t Delay 2010 Engine Rule

A top U.S. Environmental Protection Agency official said last week that the agency has “absolutely no intention” of granting the request by truck and engine manufacturer Navistar Inc. for a two-year delay in implementing 2010 federal diesel emission standards for new heavy trucks.

January 19, 2009
Fuel, Business, Government

Diesel Average Rises 2.3¢

The average price of U.S. retail diesel fuel rose last week for the first time in more than three months, inching up 2.3 cents a gallon to $2.314, the Department of Energy reported.

January 19, 2009
Business, Fuel

Oil Closes Week Below $37 a Barrel

Tom Biery/Trans Pixs

Crude oil rose more than $1 Friday but closed the week below $37 a barrel, Bloomberg reported.

January 16, 2009
Government, Business, Safety, Fuel

EPA Pick Is ‘Open’ to Carbon Tax

U.S. Environmental Protection Agency Administrator-designate Lisa Jackson said she was “open to discussion” of a carbon tax to limit greenhouse gas emissions and would immediately begin a review of the Bush administration’s denial of California’s request to regulate those emissions from automobiles.

January 16, 2009
Fuel, Business

Cold Weather Causing More Biodiesel Problems in Minn.

The Bloomington, Minn., School District closed all of its schools Thursday because biodiesel fuel gelled and clogged in the district's buses, the Minneapolis-St. Paul Star-Tribune reported.

January 16, 2009
Business, Fuel, Government

CPI Falls 0.7% in December; Gained 0.1% for Year

Consumer prices fell 0.7% in December led by declining energy costs and slowing the declines of previous months, the Labor Department said Friday.

January 16, 2009
Fuel, Business, Government

DOE Drops ’09 Diesel Price Projection to $2.27 a Gallon

Bruce Harmon/Trans Pixs

Diesel fuel will average $2.27 a gallon this year and $2.54 in 2010, down substantially from previous projections, the Department of Energy said Tuesday.

January 13, 2009

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