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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.

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.

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.

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.

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.

June 6, 2007
Fuel, Government, Business

Fuel Inventories Rise for Week

Larry Smith/Trans Pixs

Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.

June 6, 2007
Fuel, Business, Logistics, Government

Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157

Bruce Harmon/Trans Pixs

Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.

June 5, 2007
Business, Fuel

Portland Sets Biodiesel Mandate, to Begin July 1

All diesel sold in Portland, Ore., will be required to contain at least 5% biodiesel beginning July 1, the Oregon Trucking Associations said.

June 4, 2007
Government, Business, Safety, Fuel

CTA Opposes SoCal Port Plan

Larry Smith/Trans Pixs

The California Trucking Association opposes regulations that would allow only newer, lower-emission trucks access to marine terminals, the Fresno Bee newspaper reported.

June 4, 2007