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Cabinet Officials Back Push for Cap-and-Trade Proposal

A trio of Obama administration cabinet-level officials last week rejected claims that the carbon emissions cap-and-trade bill would result in massive U.S. job losses and large increases in consumer utility and fuel bills.

April 27, 2009

Ending Accounting Gimmicks

Legislation introduced by two prominent members of the Senate Finance Committee could go a long way toward taking the air out of some politicians’ stampede to raise short-term revenue by leasing out or selling public highways and other public assets.

April 27, 2009

Forward Air Reports 1Q Loss

Forward Air Corp. said it lost $3.1 million, or 11 cents per share, compared with a profit of $10 million, or 35 cents, a year ago.

April 21, 2009

Iowa Senate Approves 5% Biodiesel Mandate

The Iowa Senate approved a bill last week that would require that diesel fuel sold in the state contain 5% biofuel, the Des Moines Register reported.

April 20, 2009

California Begins Reefer Rule Reporting

The California Air Resources Board said it is now enforcing the identification and reporting requirements for California-based transport refrigeration units on trucks, trailers, shipping containers and rail cars assigned to terminals in the state.

April 20, 2009

Diesel Dips 0.8¢ to $2.221; Oil Hits Seven-Week Low

The national average price of diesel fuel fell by less than a penny, dipping 0.8 cent to $2.221 a gallon, the Department of Energy reported.

April 21, 2009

Calif. Ports’ Dominance Wanes as Shippers Seek Alternatives

Rising costs for container fees, administrative expenses and environmental requirements in the midst of an economic downturn are causing shippers, importers and retailers to consider alternatives to the ports of Los Angeles and Long Beach for shipping their goods, according to trade association officials.

April 20, 2009

Diesel Price Projected to Rise, DOE Says

Diesel fuel will average $2.23 a gallon this quarter and rise to $2.31 in the third quarter, the Energy Department said.

April 14, 2009

Opinion: With T&L 2.0, David Can Beat Goliath

Most Transport Topics readers have experienced the current downturn firsthand — dwindling freight demand, fluctuating fuel prices, clean-engine mandates and downward-spiraling leading indicators.

April 13, 2009