UPS Announces 4.9% Rate Increase for 2008
Parcel carrier UPS Inc. said Friday it would raise shipping rates for its air and ground services by nearly 5%, effective Dec. 31.
November 9, 2007Editorial: Still Missing a National Fuel Policy
The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.
November 9, 2007Oil Tops $98 a Barrel
Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007SoCal Ports Set Plan to Ban Older Trucks
The Port of Long Beach said it is joining the Port of Los Angeles in setting a plan to bar older trucks from operating at the port, and approved a tariff structure that will gradually limit access to all but the cleanest vehicles.
November 6, 2007Diesel Soars 14.6¢ to Record $3.303; Gas Jumps Over $3
Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week’s record to $3.303 a gallon, the Department of Energy said.
November 6, 2007Fleets to Face Engine Dilemma as Some Makers Avoid SCR
The decision by two major engine manufacturers, Cummins Inc. and Navistar International, to build 2010 heavy-duty diesel engines without selective catalytic reduction technology has upset truck sales forecasts for the 2009 and 2010 truck markets.
November 5, 2007Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007Oil Closes Week at Record $95.93 a Barrel
Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007Oil Continues to Soar; Tops $96 in Intraday Trading
Crude oil continued to soar, rising to more than $96 a barrel early Thursday, following Wednesday's Energy Department report that showed lower supplies, Bloomberg reported.
November 1, 2007Diesel Rises 6.3¢ to Match Record $3.157
The national average price of diesel fuel rose 6.3 cents to $3.157 a gallon, matching the all-time record set two years ago, the Energy Department said Monday.
October 30, 2007