Oil Dips from Record, Closing Just Over $118 a Barrel
Crude oil prices fell for the first time in four days Wednesday, a day after setting a closing-price record of more than $119 a barrel, Bloomberg reported.
April 23, 2008Letters to the Editor: Fuel Prices, Sleep Apnea
I am interested in the feedback on fuel prices displayed in “Letters to the Editor.” Unfortunately, most of the letters did not focus on two salient facts affecting the price of oil. The first is the dismal exchange rate of the U.S. dollar versus the euro, and the second is world demand for petroleum products.
April 23, 2008Norfolk Southern’s 1Q Income Rises
Eastern freight railroad Norfolk Southern Corp. said its first-quarter profit rose 2%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.
April 22, 2008DOT Proposes Boosting Fuel Efficiency for Cars, Light Trucks
The Department of Transportation proposed Tuesday to boost fuel-efficiency standards for cars and light trucks by almost 25% by the year 2015.
April 22, 2008DOT Proposes Boosting Fuel Efficiency for Cars, Light Trucks
Texas Gets 1,450 Requests for Funding to Update Trucks in $110 Million Program
The state of Texas said it received about 1,450 requests for grants as part of its $110 million emission-reduction plan to help carriers retrofit and replace older trucks to help clean the state’s air.
April 22, 2008Diesel Continues to Soar, Jumping 8.4¢ to $4.143
The national average price of diesel fuel continued to shatter records Monday, jumping 8.4 cents to $4.143 a gallon, the Department of Energy said.
April 22, 2008Sen. Snowe Introduces Bill to Lower Diesel Tax
Sen. Olympia Snowe (R-Maine) has introduced legislation to lower the federal tax on diesel fuel, to make it on par with the gasoline tax.
April 22, 2008Forward Air Reports Steady 1Q Income
Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.
April 21, 2008Railroads Showing Strong Growth, Paper Says
Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing “green” movement, the Washington Post reported Monday.
April 21, 2008