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, 2009Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009Diesel 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, 2009Forward 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, 2009Iowa 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, 2009California 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, 2009Calif. 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, 2009Diesel 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, 2009Diesel Rises 0.1¢ to $2.229 a Gallon
Diesel rose by less than a penny in its fourth straight increase, gaining 0.1 cent to $2.229 a gallon, the Department of Energy said Monday.
April 14, 2009Opinion: 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