ATA Willing to Back New Options to Solve Highway Funding Crisis
American Trucking Associations said it would support such measures as a tax on crude oil, a national highway fee on cars and trucks and repatriation of corporate profits held overseas to pay for highways, given the transportation funding crisis and Congress’ refusal to raise fuel taxes.
May 26, 2014Senator Urges Fuel-Tax Hike to Pay for Transport Spending
WASHINGTON — Sen. Tom Carper (D-Del.) said Congress should approve modest increases to the federal fuel taxes as a way to finance the six-year transportation reauthorization bill and raise revenue for the Highway Trust Fund, which is quickly running out of money.
May 19, 2014Opinion: Focus on Fuel Standards
As today’s trucking leaders look closely at new policies aimed at developing higher minimum fuel standards for medium-duty and heavy-duty trucks, we also recognize opportunities for bringing consumer costs under control and strengthening the economy while reducing dependence on foreign oil, lowering carbon emissions and minimizing business costs.
April 28, 2014N.H. Lawmakers Vote to Increase Fuel Taxes
New Hampshire lawmakers voted to raise the state’s 19.625-cent fuel tax by 4 cents starting July 1.
Warburg Pincus Agrees to Buy EFS
Private-equity firm Warburg Pincus announced an agreement to acquire Electronic Funds Source, which provides fuel card and other fleet-payment services.
ATA Forms Special Committee to Study Road-Fund Options
NASHVILLE, Tenn. — A specially formed committee of carrier executives will meet in Dallas this month to discuss ways to raise funds to pay for the next highway bill other than through a fuel-tax increase, American Trucking Associations Chairman Philip Byrd Sr. said.
March 17, 2014FuelDefend Expands Product Lineup
NASHVILLE, Tenn. — FuelDefend Global Ltd., a provider of anti-siphoning devices to prevent fuel theft, announced several additions to its lineup.
March 10, 2014Diesel Dips 0.1¢ to $4.016; Decline is First in 6 Weeks
Diesel dipped 0.1 cent to $4.016 a gallon, its first decline in six weeks and just the third this year, the Department of Energy reported March 3.
Diesel Surges Past $4 a Gallon
Diesel pushed past $4 a gallon for the first time in almost a year, gaining 2.8 cents to $4.017 a gallon, the Department of Energy reported Feb. 24.
US to Tighten Fuel Rules
President Obama last week said he would seek an additional set of carbon-dioxide emissions and fuel-economy improvements for heavy- and medium-duty trucks that would go beyond standards that take effect this year and in 2017.
February 24, 2014