New Jersey’s bond rating was downgraded from “A” to “A-“ on Nov. 14 by S&P Global Ratings in the wake of the state’s massive fuel tax hike that became law last month.
November 16, 2016Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Voters in Illinois, New Jersey OK Transportation Lockboxes
Voters in Illinois and New Jersey approved lockboxes for transportation funding while those in Washington State rejected what would have been the nation’s first statewide carbon emissions tax.
November 14, 2016Regulators Announce Date for Greenhouse Gas Phase 2 Final Rule
A rule aimed at reducing carbon dioxide and other greenhouse gas emissions from heavy- and medium-duty trucks will take effect in two months, federal regulators announced Oct. 25.
October 25, 2016New Jersey Senators Hope to Repeal Fuel-Tax Hikes
Just six days after New Jersey Gov. Chris Christie signed the compromise gas-tax legislation into law, two of his fellow Republicans introduced a bill on Oct. 20 to repeal it.
October 24, 2016EIV Capital Invests $20 Million in Gazelle Transportation
Houston-based investment firm EIV Capital has invested $20 million in Gazelle Transportation, a company based in Bakersfield, California, that provides crude oil transportation, water and waste hauling and portable storage tank rentals primarily within California.
October 20, 2016N.J. Legislature Votes to Raise Fuel Taxes to Replenish Transportation Trust Fund
The long-running battle over New Jersey’s Transportation Trust Fund could be on the verge of ending. New Jersey’s Senate and Assembly voted on Oct. 7 to provide $2 billion annually to the transportation fund for the next eight years, thanks to tax increases of 27 cents per gallon on diesel and 23 cents per gallon on gasoline.
October 7, 2016Trucking, Oil Industry Groups Lose Challenge to Minnesota Biodiesel Mandate
A U.S. District Court judge in Minnesota has shot down an attempt by trucking, automotive and oil industry groups to abolish the state’s requirement that diesel sold at the pump contain at least 10% biofuel.
October 5, 2016Chris Christie Announces Deal for 23-Cent Gas Tax Increase for N.J.
New Jersey Gov. Chris Christie on Sept. 30 announced a deal with Democratic legislative leaders to add 23 cents per gallon to New Jersey’s 14.5-cent gasoline-tax levy and reduce consumer taxes elsewhere.
October 4, 2016Price of Diesel Fuel Rises 0.7¢ to $2.389
The U.S. retail diesel average price rose 0.7 cent to $2.389 a gallon Oct. 3 and follows a decline of the same amount the previous week, the Department of Energy reported.
October 3, 2016Tech Firms Prepared for IFTA Changes, See Benefits for Fleets
Technology firms that develop or support onboard fleet-management and telematics systems say they are prepared for upcoming changes to the International Fuel Tax Agreement’s auditing procedures and see benefits for their fleet customers.
September 16, 2016