Forward Air to Acquire Service Express
Forward Air Corp. said Monday its wholly owned subsidiary, Forward Air Solutions Inc., has entered into an agreement to acquire certain assets of Service Express, a privately held provider of pool distribution and related services headquartered in Spartanburg, S.C.
September 2, 2008Wright Express Completes International Acquisition
Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.
September 2, 2008Kenworth Offers Synthetic Axle Lube as Standard
Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.
September 2, 2008Oil Falls Below $110, as Gustav Spares Major Gulf Rig Damage
Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.
September 2, 2008Fuel Average Drops Again
The U.S. average price of retail diesel continued its descent last week, falling another 6.2 cents a gallon to $4.145, the Department of Energy reported.
September 1, 2008DOT Won’t Block DHL-UPS Air Deal
Transportation Secretary Mary Peters told Ohio Gov. Ted Strickland (D) she does not believe the plan by DHL Express to use UPS Inc. for its U.S. air cargo operations constitutes unfair competition.
August 29, 2008China’s Largest Truck Company’s Profit Rises 40%
China’s largest truck maker, Sinotruk, boosted a first-half profit 40% as consumers rushed to buy vehicles before the introduction of a new emissions regulation, Bloomberg reported Thursday.
August 28, 2008Diesel Falls 6.2¢ to $4.145 a Gallon
The average national price of retail diesel fuel continued its downward trend, falling 6.2 cents to $4.145 a gallon, the Department of Energy said Monday.
August 26, 2008Consumer Confidence Rises in August
Consumer confidence rose in August, as fuel prices fell as gasoline prices fell, the New York-based Conference Board said Tuesday.
August 26, 2008Diesel Falls to 3-Month Low
The U.S. retail diesel average fell another 14.6 cents to $4.207 a gallon last week, extending the most pronounced drop in two years to a fifth consecutive week, the Department of Energy reported.
August 25, 2008