Diesel Inches Up to $2.231
The national diesel fuel average rose 1.5 cents a gallon last week, while gasoline posted a much larger 6.9-cent jump, widening the gap between the two fuels as gas stockpiles declined ahead of the traditional Memorial Day start of summer driving season.
May 25, 2009Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Obama Issues Stricter Auto Efficiency Rules
The Obama administration last week announced stricter requirements for automobile fuel efficiency and a first-ever national greenhouse gas reduction standard for cars and light trucks. Though heavy trucks are not immediately affected, an industry official suggested similar changes could be coming within the next decade.
May 25, 2009Fuel Price Hedgers Seeking Market Bottom
With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.
May 25, 2009Senate Confirms Heads for FAA, FTA
The Senate late Thursday confirmed Randy Babbit, former president of the Air Line Pilots Association, as the administrator of the Federal Aviation Administration.
May 22, 2009Oil Pushes Past $62 a Barrel to Six-Month High
Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration’s comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a “clean energy” economy, the Associated Press reported.
May 19, 2009Diesel Rises 1.5¢ to $2.231; Gas Gains 6.9¢
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009Trucking Hit by ‘Perfect Storm,’ Hebe Says
SAN DIEGO — A “perfect storm” of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009EPA’s Record Budget Plan Spurs Debate in Congress Over Carbon Emissions
Details of the Environmental Protection Agency’s record $10.5 billion fiscal 2010 budget proposal — a 37% increase — quickly set off a partisan debate in Congress last week over the agency’s plans to regulate greenhouse gas emissions.
May 18, 2009Volvo Backs Use of Longer, Heavier Trucks
BOSTON — Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009