The national average price of diesel fuel continued to shatter records Monday, jumping 8.4 cents to $4.143 a gallon, the Department of Energy said.
April 22, 2008BusinessFuelGovernment
Sen. Snowe Introduces Bill to Lower Diesel Tax
Sen. Olympia Snowe (R-Maine) has introduced legislation to lower the federal tax on diesel fuel, to make it on par with the gasoline tax.
April 22, 2008BusinessSafetyGovernment
Covenant Reports $7.8 Million 1Q Loss
Covenant Transportation Group said late Monday it lost $7.8 million, or 56 cents a share, in the first quarter, compared with a loss of $2.1 million, or 15 cents, a year ago.
April 21, 2008GovernmentBusinessSafetyFuel
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, 2008BusinessTechnologyEquipmentSafetyGovernment
TransCore Unveils Rate Index Pro Database
Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.
April 21, 2008Government
Gas Jumps 16垄 in Two Weeks, to $3.47, Lundberg Says
Gasoline prices jumped nearly 16 cents in the past two weeks, to $3.47 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 21, 2008BusinessFuelGovernment
Railroads Showing Strong Growth, Paper Says
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, 2008GovernmentBusinessSafety
Medical Panel Discusses Driver Rules
ARLINGTON, Va. 鈥 The Federal Motor Carrier Safety Administration鈥檚 medical review board backed a proposal to recommend to the agency that drivers who have undergone successful kidney-transplant surgery can resume driving 90 days later.
April 21, 2008GovernmentBusinessSafetyFuel
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, 2008BusinessLogisticsFuelGovernment
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, 2008