Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing 鈥済reen鈥 movement, the Washington Post reported Monday.
April 21, 2008Government, Business, Safety, Fuel
Forward Air Reports Steady 1Q Income
Forward Air Corp.鈥檚 first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.
April 21, 2008Business, Fuel, Government
Railroads Showing Strong Growth, Paper Says
Government, Business, Safety, Fuel
Lenders Tighten Standards for Truckers Seeking Credit
Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.
April 21, 2008Business, Logistics, Fuel, Government
Diesel Average Tops $4 for First Time
Retail diesel surged 10.4 cents to $4.059 a gallon, the first time the national average price has crossed above $4, the Department of Energy reported. Also last week, both the U.S. gasoline average and crude oil prices set new records.
April 21, 2008Business, Government, Fuel
Oil Sets Another Record, Hits $117 a Barrel
Crude oil hit $117 a barrel Friday, as the price soared to another closing price record to finish a week of all-time highs, Bloomberg reported.
April 18, 2008Fuel
Detroit Diesel Offers Free Upgrades for 鈥07 Engines
Engine maker Detroit Diesel Corp. said Friday that it will soon make a new software release available free to its customers that will boost the fuel economy of its 2007 Series 60 engines.
April 18, 2008Fuel, Business, Government
Fed 鈥楤eige Book鈥 Cites Sluggish Economy
Nine of the Federal Reserve鈥檚 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008Government, Business, Safety, Fuel
TMC Chairman Hilton Says Council Will Seek 鈥楬eavy-Duty鈥 Service Members
Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential 鈥渉eavy-duty鈥 maintenance for trucking.
April 16, 2008Fuel, Business, Government
Consumer Price Index Gains 0.3% in March
The consumer price index rose 0.3% in March, led by higher fuel and food prices, the Labor Department said Wednesday.
April 16, 2008Business, Fuel, Safety, Government
Larger Trucks More Efficient, Reduce Emissions, Study Says
The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.
April 15, 2008