Fuel

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

Business, Government, Safety, Fuel, Autonomous

Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn

Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.

September 15, 2008

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Fuel, Government

Fuel Prices Continue Downward

Fuel prices last week continued their slide from July’s record highs, as the U.S. retail average for diesel fuel dropped for an eighth straight week and gasoline for the ninth.

September 15, 2008
Fuel, Business

DOE Lowers ’08 Diesel Forecast to $4.09 a Gallon

Diesel fuel will average $4.09 this year, down 9 cents from a previous forecast, the Department of Energy said.

September 10, 2008
Government, Business, Fuel

Oil Slides Below $103 a Barrel as Hurricane Ike Moves Into Gulf

Crude oil prices continued to slide early Wednesday, even as Hurricane Ike intensified as it moved into the Gulf of Mexico and a top OPEC official said the cartel would trim an oversupplied market, Bloomberg reported.

September 10, 2008
Business, Fuel, Logistics

Canadian Trucking Alliance Backs Call for Diesel Tax Cut

The head of the Canadian Trucking Alliance said an announcement by Prime Minister Stephen Harper that if re-elected he will cut the four cent per liter federal excise tax on diesel fuel in half was the right thing to do for the country’s truckers.

September 10, 2008
Fuel

FedEx Says Its Fiscal 1Q Earnings to Exceed Forecast

FedEx Corp. said late Tuesday its fiscal first-quarter earnings will exceed its earlier forecast, due in part to recent falling fuel costs, though it kept its full-year earnings forecast in place.

September 9, 2008
Business, Fuel, Safety, Government

DHL Testifies Before House Panel on UPS Air Deal

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

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