OMAHA, Neb. — Three of the 12 unions negotiating with the nation’s biggest freight railroads have reached a tentative deal that will deliver 24% pay raises, in line with what a special presidential panel of arbitrators recommended earlier this month to resolve the stalemate before a strike could happen.
August 30, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
N.J. Gasoline Tax to Drop 1 Cent on Better-Than-Forecast Demand
New Jersey is cutting an automotive fuel tax by 1 cent per gallon after consumer demand was higher than projected, state Treasurer Elizabeth Muoio announced.
August 29, 2022FMCSA Seeks Input on Request to Post Hair Drug Tests to Clearinghouse
The Federal Motor Carrier Safety Administration is seeking comment on a request by an alliance of large motor carriers for an exemption that would permit the carriers to report “actual knowledge” of a truck driver’s positive hair drug test to the agency’s Drug and Alcohol Clearinghouse.
August 29, 2022Congestion Tolling Likely in New York City Business District
New York City officials are exploring congestion-based tolling scenarios to fund mass transit that could see commercial trucks charged $82 for a one-way drive through the business district.
August 29, 2022Diesel Supply Below Average in Northeast
PORTLAND, Maine — Diesel and heating oil supplies in the Northeast are more than 50% below the recent average, raising concerns that an extreme weather event could cause supply disruptions, federal officials said.
August 29, 2022Shipping Giant CMA CGM Sees Softening of Global Freight Rates
French container line giant CMA CGM SA is seeing an across-the-board drop in shipping rates and a loosening of logistics bottlenecks in some regions as demand softens.
August 26, 2022Biden Administration Urges Fuel Export Cuts to Restock Northeast
The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
August 26, 2022Diesel Pinch Looms as World Seeks Relief From Pricey Natural Gas
The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.
August 26, 2022Inflation Eases as Consumer Prices Rise 6.3% in July
WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
August 26, 2022Louisiana Nabs $86.6 Million Loan for Highway Interchange
Louisiana has qualified for an $86.6 million loan from the U.S. Department of Transportation to fund an interchange at U.S. Highway 90 and Louisiana Highway 3073 as part of a future Interstate 49 South corridor project.
August 25, 2022