Diesel Soars 16.1¢ to $3.819; Gasoline Sets Record $3.225
The price of retail diesel fuel jumped 16.1 cents to a third straight record, reaching a national average of $3.819 a gallon, and gasoline hit a new record, the Department of Energy said Monday.
March 11, 2008Forward Air to Buy Houston Firm
Forward Air Corp. said it will buy transportation firm Pinch Holdings and a related company, AFTCO Enterprises, for an undisclosed sum.
March 11, 2008Con-way Reducing Its Fleet Speed to 62 MPH
Less-than-truckload company Con-way Freight said Monday it has turned back the speed governors on its 8,400-tractor fleet to run at a maximum 62 miles per hour, down from a previous 65 mph, in an effort to improve fuel conservation and reduce carbon emissions.
March 10, 2008Survey Says 70% of Carriers Are Satisfied With ’07 Engines
A survey of 87 trucking companies operating 2007-model engines showed 70% were satisfied with them, but fuel economy, soot filters and onboard computers were the top complaints of those that were not satisfied.
March 10, 2008ATA Seeks to Block Calif. Port Talks Over Clean Trucks Proposals
American Trucking Associations’ Intermodal Motor Carriers Conference has asked the Federal Maritime Commission to block the ports of Long Beach and Los Angeles and terminal operators from discussing and entering into agreements related to the ports’ clean trucks program.
March 10, 2008CARB Set to Distribute $25 Million in Truck Retrofit, Replacement Grants
California environmental regulators said they will soon decide how to distribute early grants totaling $25 million for truck retrofits and replacements to help reduce diesel emissions at the state’s ports and intermodal facilities.
March 10, 2008TCA Chiefs Report Little Sign of Freight Tonnage Recovery
NASSAU, Bahamas — Leaders of the Truckload Carriers Association said their members have seen no improvement in the thin freight market, despite reports that tonnage has increased in the past three months, and that their other great worry was sharply rising fuel prices.
March 10, 2008Oil Tops $106 a Barrel
Crude oil set another record Friday, topping $106 a barrel in intraday trading for the first time before receding to close near $105, Bloomberg reported.
March 7, 2008Fed ‘Beige Book’ Cites Freight Slowdown
The U.S. economy has weakened since the start of the year, hitting both freight transportation and manufacturing, both of which are dealing with soaring energy prices, the Federal Reserve said Wednesday.
March 5, 2008Letters to the Editor: Port Restrictions, Congress and LCVs, Hours of Service, Farewell Trucking
This is in response to the Port of Long Beach’s idea to restrict trucks at the port. It sounds like they are trying to eliminate owner-operators by forcing them to upgrade their trucks when they can barely survive with the cost of fuel and insurance, among other things, going through the roof.
March 4, 2008