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, 2008Forward Air Reports Steady 1Q Income
Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.
April 21, 2008Railroads Showing Strong Growth, Paper Says
Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing “green” movement, the Washington Post reported Monday.
April 21, 2008Lenders 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, 2008Diesel 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, 2008Oil 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, 2008Detroit Diesel Offers Free Upgrades for ’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, 2008Fed ‘Beige Book’ Cites Sluggish Economy
Nine of the Federal Reserve’s 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, 2008TMC Chairman Hilton Says Council Will Seek ‘Heavy-Duty’ 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 “heavy-duty” maintenance for trucking.
April 16, 2008Consumer 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, 2008