American Trucking Associations called for a series of steps by the federal government to alleviate it what it said was a crisis for the trucking industry caused by soaring fuel prices.
March 28, 2008BusinessFuelGovernment
UTI Worldwide’s Fourth-Quarter Earnings Decline
Air and ocean freight forwarder UTi Worldwide said its fiscal fourth-quarter profit fell 20% to $18 million, or 18 cents a share, including a restructuring charge that cut earnings by 6 cents a share.
March 28, 2008GovernmentBusinessFuel
UPS Puts 167 CNG Delivery Vans Into Service
UPS Inc. said Thursday it has put 167 compressed-natural-gas-powered delivery vehicles into service in Texas, Georgia and California.
March 27, 2008FuelBusinessSafetyGovernment
Covenant Projects 1Q Loss Due to High Fuel Costs
Truckload carrier Covenant Transportation Group said Thursday it will lose 40 cents to 50 cents per share in the first quarter, citing soaring diesel fuel prices.
March 27, 2008BusinessFuelEquipmentGovernmentTechnologySafety
Cummins Releases CARB-Compliant APU
Diesel engine maker Cummins Inc. Wednesday unveiled two new auxiliary power unit systems that are compliant with new California Air Resources Board idle-reduction regulations.
March 26, 2008BusinessFuelGovernment
Oil Jumps Following DOE Report
Crude oil prices jumped more than $4 a barrel Wednesday after a Department of Energy report showed declines in gasoline and distillate inventories, the Associated Press reported.
March 26, 2008FuelBusinessLogisticsGovernment
Diesel Gains 1.5¢ to $3.989; Gas Dips Following Records
The average national price of retail diesel fuel rose 1.5 cents to $3.989 for a fifth consecutive record, while gasoline’s price declined, the Department of Energy said Monday.
March 25, 2008BusinessGovernmentFuelSafety
Opinion: Carbon Tax Limits Trucking’s Green Choices
The trucking industry is part of a grand environmental experiment being conducted in British Columbia — the first North American jurisdiction to introduce a carbon tax on all fossil fuels, including diesel, at the retail level.
March 24, 2008FuelBusinessSafetyGovernment
ATA, Coalition Want California to Ban Temperature Controls at Gas Pumps
American Trucking Associations and the Partnership for Uniform Marketing Practices recently requested that California prohibit the use of automatic temperature compensation equipment in retail fuel sales.
March 24, 2008BusinessFuel
L.A. Port to Banish Owner-Operators Under Emissions Plan
Port of Los Angeles officials last week approved the final piece of the port’s sweeping plan to dramatically reduce diesel emissions by replacing and retrofitting dirty trucks through a controversial employee-only business model that will phase out independent drayage operators.
March 24, 2008