Retail diesel will average $2.79 in the fourth quarter and rise 50 cents from this year’s projected average to nearly $3 a gallon next year, the Department of Energy said.
November 10, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
House Panel to Hold Wetlines Hearing Monday in Baltimore
The chairwoman of a House subcommittee has scheduled a field hearing Monday in Baltimore on a controversial House bill that would prohibit the transportation of flammable liquids in unprotected product piping on both existing and newly-manufactured cargo tank trucks.
November 10, 2009Vermont-New York Bridge Will Not Reopen
Officials in Vermont and New York have decided the Crown Point Bridge connecting the two states at the southern tip of Lake Champlain is too badly deteriorated to repair.
November 10, 2009IRS Drops $319 Million Levy over FedEx Owner-Operators
FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.
November 10, 2009Diesel to Average Near $3 a Gallon in 2010, DOE Says
Panel OKs Cap-and-Trade Bill, Despite Republican Boycott
Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.
November 10, 2009Pension Bill Would Provide Firms More Time to Restore Funds to Underfunded Plans
Carriers with multi-employer pension obligations would get as much as 30 years to restore full funding of currently underfunded plans, under legislation introduced by two members of Congress.
November 10, 2009Missouri Allowing Heavier Trucks Following Rains
Following an unusually rainy fall, the Missouri Department of Transportation is making it easier for farmers to haul their crops to market, the Associated Press reported.
November 10, 2009ArvinMeritor’s 4Q Loss Narrows
Truck components maker ArvinMeritor Inc. said Tuesday its fourth-quarter loss narrowed and the company announced several executive appointments.
November 10, 2009Diesel Slips 0.7¢ to $2.801 a Gallon
Diesel’s national average price fell for the first time in five weeks, dipping 0.7 cent — the same as last week’s increase — to $2.801 a gallon, the Department of Energy reported Monday.
November 10, 2009Opinion: Choosing the Right Freight Forwarder
Choosing the right freight forwarder to support your transportation efforts never has been more critical than during the current crippling recession — which may or may not be abating.
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