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Business, Government, Fuel

Congress Tackles ‘Splash-and-Dash’ Loophole Giving Tax Credit for Exported Biodiesel

Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they “splash” their product with petroleum-based diesel in the United States and then sell it overseas.

June 9, 2008
Business, Safety, Government

Conn. Truck Inspections Drop 20%

Connecticut’s truck inspections fell 20% to about 18,600 in 2007, compared with a year earlier, the Hartford Courant reported.

June 9, 2008
Government, Business, Safety

I-5 Bridge Plan Approved in Oregon

The regional government of the Portland, Ore., area is backing a new Interstate 5 bridge over the Columbia River, the Associated Press reported.

June 9, 2008
Business, Government

OEMs Avoid Price Cuts Despite Truck Sales Slump

Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.

June 9, 2008
Government, Business, Safety, Fuel

Diesel Price Dips 1.6¢ to $4.707 a Gallon

The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.

June 9, 2008
Business, Government

Roadcheck 2008 Runs Through Thursday

Emile Wamsteker/Bloomberg News

The three-day Roadcheck 2008, targeting thousands of trucks in the United States, Canada and Mexico, concludes Thursday, as officials inspect thousands of trucks around North America for potential safety violations.

June 5, 2008
Business, Safety, Government, Logistics, Fuel

Mullen Buys Fluid, Oilfield Transport Firm

Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.

June 5, 2008
Government, Business, Logistics

Dynamex Reports Improved 3Q Profit

Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit was $3.8 million, or 37 cents a share, up from $3.5 million, or 33 cents, a year earlier.

June 4, 2008
Business, Government

Collins Introduces Bill to Allow Higher Truck Weights

Sen. Susan Collins (R-Maine) has introduced legislation that would allow trucks to carry up to 100,000 pounds on federal highways when diesel prices are at least $3.50 a gallon.

June 4, 2008
Business, Safety, Government

ISM Services Index Declines in May

An index of the U.S. economy’s service sector slipped in May from a month earlier but continued to show expansion, the Institute for Supply Management said Wednesday.

June 4, 2008

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