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, 2008Diesel Soars 22.6¢ to Record $4.723 a Gallon
Diesel 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, 2008More 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, 2008As 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, 2008Crude 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, 2008Oil Pulls Back After Topping $135 a Barrel
Crude 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, 2008UPS Moving Asia Air Hub to China
UPS Inc. said Wednesday it is moving its primary intra-Asia air hub to southern China, from the Philippines, to save money and reduce transit times across Asia.
May 21, 2008Military Showing Interest in Alternate Fuels, Journal Says
The U.S. military, which is the country’s largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.
May 21, 2008Letters to the Editor: Complex Engines, Soaring Fuel Prices, 55-mph Speed Limit
The article concerning increasingly complex diesel engines theoretically can be translated directly into increased revenue for dealership maintenance shops, but there are a lot of “ifs” and “buts” surrounding these statements.
May 21, 2008Diesel Jumps 16.6¢ to $4.497
The average price of diesel fuel jumped another 16.6 cents to a record $4.497 a gallon, the Energy Department said Monday.
May 20, 2008