Government

At one time or another, every business finds itself undercapitalized. Unfortunately, in these tough economic times, qualifying for a line of credit can be extremely difficult. As a result, increasing numbers of transportation companies are looking into factoring, with many of them taking the plunge and selling their accounts receivable to a factor.

Durable goods orders rose 1.8% in May, matching April’s increase, the Commerce Department said Wednesday.

D.W. Morgan, a third-party logistics and supply chain consulting firm, has developed an iPhone application that the company said has helped it eliminate paper bills.

The American Transportation Research Institute has updated its listing of state and local idling regulations, noting that 41 states and localities now have idling regulations.

Clean Energy Fuels Corp., which operates natural gas fueling stations throughout the United States and Canada, said it plans to issue 6 million shares of its common stock.

American Trucking Associations Monday called on Congress to increase the transparency of commodities futures markets and impose “reasonable aggregate position limits on energy commodities,” in an effort to stem the price spikes and record high prices of last summer.

The Senate Energy and Natural Resources Committee has approved legislation that would open more of the eastern Gulf of Mexico to oil and gas drilling, Bloomberg reported.

The use of diesel fuel has fallen sharply as freight levels have nose-dived during the global recession. The home-heating oil season has ended, so there is no competition for the distillate both heating oil and diesel are made from.