The national average price of diesel fuel continued to shatter records Monday, jumping 8.4 cents to $4.143 a gallon, the Department of Energy said.
April 22, 2008BusinessSafetyGovernmentLogistics
C.H. Robinsons First-Quarter Income Improves
Transportation and logistics firm C.H. Robinson Worldwides first-quarter profit rose to $86.3 million, or 50 cents a share, from $73 million, or 42 cents, a year ago.
April 22, 2008FuelBusinessSafetyGovernment
DOT Proposes Boosting Fuel Efficiency for Cars, Light Trucks
The Department of Transportation proposed Tuesday to boost fuel-efficiency standards for cars and light trucks by almost 25% by the year 2015.
April 22, 2008BusinessFuelGovernment
Texas Gets 1,450 Requests for Funding to Update Trucks in $110 Million Program
The state of Texas said it received about 1,450 requests for grants as part of its $110 million emission-reduction plan to help carriers retrofit and replace older trucks to help clean the states air.
April 22, 2008BusinessFuelGovernment
Sen. Snowe Introduces Bill to Lower Diesel Tax
Sen. Olympia Snowe (R-Maine) has introduced legislation to lower the federal tax on diesel fuel, to make it on par with the gasoline tax.
April 22, 2008BusinessSafetyGovernment
Covenant Reports $7.8 Million 1Q Loss
Covenant Transportation Group said late Monday it lost $7.8 million, or 56 cents a share, in the first quarter, compared with a loss of $2.1 million, or 15 cents, a year ago.
April 21, 2008GovernmentBusinessSafetyFuel
Forward Air Reports Steady 1Q Income
Forward Air Corp.s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.
April 21, 2008BusinessTechnologyEquipmentSafetyGovernment
TransCore Unveils Rate Index Pro Database
Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.
April 21, 2008Government
Gas Jumps 16瞽 in Two Weeks, to $3.47, Lundberg Says
Gasoline prices jumped nearly 16 cents in the past two weeks, to $3.47 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 21, 2008BusinessFuelGovernment
Railroads Showing Strong Growth, Paper Says
Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing green movement, the Washington Post reported Monday.
April 21, 2008