Record fuel prices are prompting U.S. motorists to park their vehicles in record numbers, adding to concerns that federal highway funds will be inadequate to cover needed infrastructure projects, the Wall Street Journal reported Monday.
July 28, 2008Fuel, Business, Government
Highway Funds Dwindle as Drivers Cut Back, Journal says
Business, Government, Safety, Fuel, Logistics
EPA Postpones Decision on Texas Request To Cut National Renewable Fuel Mandate
The Environmental Protection Agency postponed until early August its decision on whether to grant a request from Texas to cut the national renewable fuels mandate in half, citing the huge number of comments EPA has received on the issue, which has pitted livestock growers against grain producers.
July 28, 2008Business, Safety, Government, Fuel
Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes
Most public less-than-truckload companies’ second-quarter profits fell as fleets were pounded by record diesel prices and flagging economic demand, but some executives said they thought the overall pricing environment had improved, or at least stabilized.
July 28, 2008Government, Business, Fuel
Diesel Dips 4.6¢ to $4.718
The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.
July 28, 2008Fuel, Government
Saia’s 2Q Profits Tumble on Fuel, Pricing Pressures
Saia Inc. on Friday reported that it earned $5.4 million, or 40 cents a share, in the second quarter, down from $10.4 million, or 72 cents, a year ago.
July 25, 2008Business, Fuel, Government, Logistics
Norfolk Southern’s 2Q Income Rises 15%
Eastern freight railroad Norfolk Southern Corp. said its second-quarter profit rose 15%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.
July 23, 2008Business, Fuel
EPA To Award $3.4 Million in Diesel Technology Grants
The Environmental Protection Agency said Monday it will award $3.4 million in grants to establish projects using emerging technologies to reduce emissions from the diesel engine fleets.
July 22, 2008Fuel, Business, Logistics, Government
Diesel Falls 4.6¢ to $4.718 a Gallon
Diesel fuel’s national average pump price fell by the most in six months, dropping 4.6 cents to $4.718 a gallon, the Department of Energy reported.
July 22, 2008Fuel
UPS’ Second-Quarter Earnings Decline
UPS Inc. said Tuesday its second-quarter earnings per share fell 18.3%, due to high fuel costs and a sluggish U.S. economy.
July 22, 2008Business, Fuel, Government
Forward Air’s 2Q Earnings Improve
Forward Air Corp. said its second-quarter profit rose to $12.1 million, or 42 cents a share, from $11.5 million, or 38 cents, a year ago.
July 21, 2008