Following Congress’ rejection of calls by presidential contenders to rescind the federal tax on gasoline and diesel fuel this summer, some lawmakers are quietly considering boosting the tax by a dime to ensure the federal highway fund is adequately financed, the Associated Press reported.
July 21, 2008Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.Â
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, 2008EPA Requests More Input on Greenhouse Gases
The Environmental Protection Agency issued a nearly 600-page request for public comment on whether it should use existing law to regulate greenhouse gas emissions, a decision one trucking official said was a way to further delay any new regulations until after President Bush leaves office.
July 21, 2008California Issues Natural Gas Grants
Clean Energy Fuels Corp. said two California environmental agencies awarded grants totaling more than $11 million to further the development of natural gas fueling stations and vehicles.
July 21, 2008EPA 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, 2008Diesel 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, 2008Diesel Rises 3.7¢ to Record $4.764; Crude Drops
The U.S. retail diesel average rose 3.7 cents last week to another record, $4.764 a gallon, the Department of Energy reported, while the price of crude oil posted its largest single-day drop in 17 years on July 15.
July 21, 2008Smaller Fleets Seeking Buyers as Strategy to Avoid Bankruptcy
Behind this year’s surge in trucking company failures, brought on largely by the double-whammy of slow freight and skyrocketing fuel prices, is another ominous trend: a sharp increase in the number of motor carriers asking larger competitors to buy them out.
July 21, 2008For-Hire Carriers Endured a Painful Year, But Certain Niches Thrived, TT 100 Shows
It has been a year of retrenchment for most, but not all, of the largest for-hire carriers in the United States and Canada, as fleets scramble to cope with record fuel prices and weak freight demand.
July 21, 2008Letters to the Editor: Speed Limiters, Freeway Trucks, Trucker Finances, Fuel Costs
I believe it would be appropriate to have a new regulation limiting the speed of vehicles on the highway. The speed at which some truckers are driving today is stupid, and some people should go to jail for that.
July 15, 2008