The tax bill signed by President Obama and passed by Congress to keep the nation from going over a “fiscal cliff” allows fleets to deduct 50% of the cost of new trucks and other equipment in 2013.
January 3, 2013Business, Government
Jackson Stepping Down as EPA Administrator
Lisa Jackson will step down soon as administrator of the Environmental Protection Agency after four years that included the development of the first greenhouse-gas standards for heavy-duty trucks.
January 7, 2013Government
ISM Services Index Rises to 10-Month High, Factory Orders Flat
An index of the U.S. economy’s service sector increased in December to a 10-month high, the Institute for Supply Management said Friday.
January 4, 2013Government, Business
Tax Bill Includes Bonus Depreciation
Government
Congress Kicks off Session
The 113th session of the U.S. Congress started at noon Thursday, with party dynamics staying unchanged from the last session, and some new leadership in transportation-related committees.
January 3, 2013Government
Huerta Confirmed as FAA Head
The U.S. Senate confirmed Michael Huerta as administrator of the Federal Aviation Administration, the Senate Commerce Committee said.
January 3, 2013Government, Business, Safety
Vitran Secures $17 Million Credit
Toronto-based carrier Vitran Corp. announced it has obtained a $17 million real estate term credit facility on some of its U.S. less-than-truckload transportation facilities.
January 3, 2013Government, Business, Technology
N.C.'s Quick Pass to Be Compatible With E-ZPass
North Carolina’s Quick Pass toll collection system and the multistate E-ZPass system will become compatible Thursday, when users of both transponders will be able to pay tolls in both systems, the North Carolina Turnpike Authority announced.
January 2, 2013Business, Fuel, Government
Diesel Drops 0.5¢ to $3.918 a Gallon
The price of diesel continued to decline, falling 0.5 cent to $3.918 a gallon from $3.923, its 10th drop in the past 11 weeks, while gasoline increased by 4.1 cents to $3.298, the Department of Energy said Dec. 31.
January 2, 2013Business, Safety, Government, Fuel
Natural Gas Growth, Highway Bill Among 2012 Trucking Highlights
While the attention of the nation was focused for much of the year on the costly and protracted presidential election campaign, trucking probably will look back on 2012 as a turning point for the adoption of natural gas as a viable alternative fuel for heavy-duty fleets.
December 24, 2012Government, Business
States Strain to Find New Funding Sources for Repair, Maintenance of Roads, Bridges
Funding for roads and bridges continued to be the overriding issue for states in 2012 as transportation officials sought new ways to raise revenue.
December 24, 2012