March Producer Prices Rise 1%
The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.
April 13, 2007UPS Signs China Air Pact
UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.
April 12, 2007Oil Rises Following DOE Report
Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.
April 11, 2007Fuel Averages to Hit Records
Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.
April 11, 2007Diesel Climbs 5¢ to $2.84
The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last week’s 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.
April 10, 2007Stricter Emission Rules Raise Costs, Freight, Shipping Executives Say
Greenhouse Ruling Could Raise Costs
The Supreme Court’s ruling that the EPA must reconsider its position to leave “greenhouse gas” emissions from motor vehicles unregulated could lead to increased costs for trucking companies.
April 9, 2007Diesel Jumps 11.4¢ to $2.79 a Gallon
The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.
April 9, 2007FedEx Buys Air Cargo Firm
FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.
April 6, 2007Crude Prices Fall Following Sailors’ Release by Iran
Crude oil futures fell lower Thursday after Iran released 15 British sailors it had held for two weeks, Bloomberg reported.
April 5, 2007