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Diesel fuel’s price reaches its latest two-year high

The average retail price of diesel fuel nationwide rose to its latest two-year high—the third time it has done so in the past month—climbing 3.4 cents to $3.231 a gallon, according to US Department of Energy information...

Diesel fuel demand to drive global
refined product demand, margins

In the aftermath of the global recession, diesel fuel demand will rebound and again drive global refined product demand and margins, according to a new global report released by Hart Energy Consulting. Low-sulfur diesel markets will strengthen and remain strong for the foreseeable future....

Mansfield Oil deploys Air1 DEF capability

Mansfield Oil Company, an independent supplier of refined fuels, ethanol, and diesel exhaust fluid nationwide, has completed adding diesel exhaust fluid (DEF) tank monitoring to its supply chain management suite of web applications. ...

Aegis to invest $90 million in oil terminal

Aegis Logistics Ltd, one of India’s leading private-sector port facilities and logistics services providers, has signed an agreement with AP Moller Maersk Terminals Management BV to secure a sublease of 100 acres of land for its proposed $90 million oil terminal, which will have a capacity of 600,000 kiloliters, and other allied facilities at the Pipavav port in Gujarat, India....

Baucus to introduce repeal
of Form 1099 requirements

US Sen Max Baucus (D-MT), Senate Finance Committee chairman, has announced that he will introduce legislation that would repeal the requirements that businesses issue a Form 1099 to every vendor from whom they buy $600 or more worth of goods on an annual basis. ...

Platts agrees to acquire OPIS

Platts, a global provider of energy and metals information and a division of The McGraw-Hill Companies Inc, announced an agreement to acquire Oil Price Information Service LLC (OPIS) from United Communications Group (UCG), a privately held business information provider....

ATA congratulates Knipling
for international recognition

The American Trucking Associations (ATA) congratulates Dr Ron R Knipling on receiving the Order of Merit, one of the highest recognitions given by the International Road Transport Union (IRU), a Geneva, Switzerland-based international organization representing highway users. Knipling is the author of Safety for the Long Haul, a commercial vehicle safety book recently published by the ATA....

Carrier optimism remains
high, TCP survey indicates

Transport Capital Partners LLC (TCP) has completed its Business Expectation Survey for the fourth quarter of 2010 and found that 66% of surveyed carriers expect volumes to increase over the next year....

Price of diesel fuel climbs to highest rate in two years

The average retail price of diesel fuel nationwide increased 3.5 cents to $3.197 a gallon, reaching its highest pump average in more than two years, according to US Department of Energy information...

Schneider unit raises compensation rate

The Tanker division at Schneider National, Schneider National Bulk Carriers, is increasing owner-operator compensation by $.05 per mile. The new rate increases owner-operator compensation to $1.05 per mile, plus fuel surcharge, for loaded and unloaded miles...