Crude oil futures jumped more than $2 a barrel Wednesday to close at $131.03 a barrel, not far off the record closing price, Bloomberg reported.
May 28, 2008Fuel
About Fuel News...
Business, Government, Safety, Fuel
Frozen Food Express to Slow Fleet’s Speed to 62 MPH
Refrigerated truckload carrier Frozen Food Express Industries said Thursday it will lower the maximum speed of its trucks to 62 miles per hour, from 65 mph, in an effort to save money on fuel.
May 29, 2008 Business, Fuel, Safety, Government
UPS to Handle DHL’s North America Air Service
UPS Inc. said Wednesday it will provide air transportation in North America for competitor DHL Express, as DHL works to cut costs.
May 28, 2008 Government, Business, Safety, Fuel, Technology
Letters to the Editor: Ban on Independents, Exporting U.S. Diesel, Ticketing Truckers, Fuel and Emissions
In response to the Los Angeles Port Authority’s looming ban on owner-operators, it never ceases to amaze me that our governmental bodies believe they have autonomous authority over all things.
May 28, 2008 Fuel, Business, Safety, Equipment, Government
Ford, American Axle Plan Job Cuts
Ford Motor Co. plans to lay off up to 12% of its salaried employees by August as part of a restructuring in the face of slumping sales and high fuel prices, the Associated Press reported Wednesday.
May 28, 2008 Fuel, Business 
Tom Biery/Trans Pixs
Diesel Soars 22.6¢ to Record $4.723 a Gallon
Tom Biery/Trans PixsDiesel fuel topped its recent big jumps in soaring 22.6 cents to an average $4.723 a gallon nationwide, for a third straight record high, the Department of Energy said Tuesday.
May 28, 2008 Fuel, Business, Government
More Truckers Selling Their Rigs, Times Says
Thousands of U.S. truckers unable to make money because of rising fuel prices are selling their trucks, in what may be the biggest cut in the U.S. trucking fleet since trucking deregulation in 1980, the New York Times reported Tuesday.
May 27, 2008 Business, Fuel, Government, Equipment
As Tire Retreading Market Grows, So Do Counterfeits, Look-Alikes
As fuel prices have skyrocketed, trucking companies have been forced to look closer at other parts of their businesses to trim costs.
May 26, 2008 Fuel, Business, Government
Crude Price Pushes Fuel Higher
The average retail diesel price continued its meteoric rise last week, surging another 16.6 cents to a record $4.497 a gallon, according to the Department of Energy.
May 26, 2008 Business, Fuel 
David Warner/Trans Pixs
Oil Pulls Back After Topping $135 a Barrel
David Warner/Trans PixsCrude oil fell from a record high of more than $135 a barrel Thursday, as a Congressional panel grilled oil executives for a second day in Washington, Bloomberg reported.
May 22, 2008