Diesel fell another 2.1 cents to $2.903 a gallon, its third straight downturn and eighth decline in nine weeks, the Energy Department said.
July 13, 2010GovernmentBusinessFuel
Massachusetts Backs Off 2% Biodiesel Mandate
Massachusetts has indefinitely suspended a 2% biodiesel mandate for fuel and heating oil that was to take effect this month, saying that without the federal tax credit for the producers, the cost of biodiesel would be too high for consumers.
July 13, 2010Business
Baltimore/Washington Region Kicks off Anti-Idling Campaign
The Metropolitan Washington Council of Governors kicked off a campaign for diesel idle reduction in the Washington/Baltimore region Tuesday, supported by several other groups including American Trucking Associations and the American Bus Association.
July 13, 2010BusinessLogistics
CSX Reports Higher 2Q Profit, Revenue
Eastern freight railroad CSX Corp.’s second-quarter profit jumped 36% on a stronger economy, the company said.
July 13, 2010BusinessFuelGovernment
Trade Deficit Hits 18-Month High
The U.S. trade deficit widened 4.8% in May to the highest level in a year and a half, the Commerce Department said Tuesday.
July 13, 2010Business
YRC Reconfirms Positive Adjusted 2Q Earnings
YRC Worldwide reconfirmed Monday that its second quarter adjusted earnings before interest, taxes, depreciation and amortization would be positive, within a range of $35 million to $45 million, as second-quarter tonnage improved.
July 12, 2010FuelBusiness
EPA Proposes Renewable Fuel Standard Volumes for 2011
The Environmental Protection Agency has released the proposed 2011 percentage standards for its Renewable Fuel Standard.
July 12, 2010GovernmentBusinessSafety
NTSB Chairwoman Urges More Focus on Driver Fatigue, Safety Technology
WASHINGTON — The National Transportation Safety Board would like to see regulators and the trucking industry do more to address fatigue and adopt more safety technology to reduce highway crashes, Chairwoman Deborah A.P. Hersman told Transport Topics during a June 25 interview.
July 12, 2010GovernmentBusiness
AASHTO Report Cites Need for More Infrastructure Investment
The U.S. freight industry’s growth and the lack of expansion in its transportation system are leading to a “crisis,” according to a new report by the American Association of State Highway and Transportation Officials.
July 12, 2010Business
Chassis Rule Hits Snags as Implementation Begins
Implementation of new intermodal chassis safety rules got off to a rocky start on June 30 because of electronic filing failures, but industry officials said they hope an agreement between two trade groups will make the process easier for truckers and other industry participants.
July 12, 2010