Covenant Reports 2Q Earnings
Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.
July 30, 2008Covenant Reports 2Q Earnings
Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.
July 30, 2008June Tonnage Index Jumps 5.4%, ATA Says
Truck tonnage in June rose 5.4% from a year earlier, the eighth consecutive year-over-year increase, and the largest year-over-year gain since January 2005, American Trucking Associations said.
July 29, 2008Diesel Down 11.5 Cents to $4.603 a Gallon
The average retail price of U.S. diesel plunged 11.5 cents to $4.603 a gallon, the biggest drop of the year, the Department of Energy said Monday.
July 28, 2008Diesel Down 11.5 Cents to $4.603 a Gallon
The national average price of retail diesel fell 11.5 cents to $4.603 a gallon, the Department of Energy reported Monday.
July 28, 2008Gas Drops Below $4 a Gallon, Lundberg Says
Gasoline prices dropped 11.7 cents in the two weeks ended Friday to a national average of $3.9959 a gallon, the first time in more than a month that the average has fallen below $4 a gallon, the latest Lundberg Survey of filling stations said.
July 28, 2008Highway Funds Dwindle as Drivers Cut Back, Journal says
Record fuel prices are prompting U.S. motorists to park their vehicles in record numbers, adding to concerns that federal highway funds will be inadequate to cover needed infrastructure projects, the Wall Street Journal reported Monday.
July 28, 2008EPA Postpones Decision on Texas Request To Cut National Renewable Fuel Mandate
The Environmental Protection Agency postponed until early August its decision on whether to grant a request from Texas to cut the national renewable fuels mandate in half, citing the huge number of comments EPA has received on the issue, which has pitted livestock growers against grain producers.
July 28, 2008GAO Claims Many Truckers Skirt DOT Health Regulations
WASHINGTON — The Government Accountability Office said last week that hundreds of thousands of truck drivers with potentially serious medical conditions are being allowed to drive heavy vehicles, citing loopholes and weaknesses in the federal government’s program to certify drivers.
July 28, 2008Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes
Most public less-than-truckload companies’ second-quarter profits fell as fleets were pounded by record diesel prices and flagging economic demand, but some executives said they thought the overall pricing environment had improved, or at least stabilized.
July 28, 2008