The slowdown that North American railroad companies had been bracing for in crude oil shipments has turned into a rout, with volumes falling faster than executives had predicted.
March 27, 2015GovernmentBusinessSafetyFuel
Kentucky Acts at Last Minute to Stem Plunge in Fuel Tax Revenues
Kentucky lawmakers agreed just hours before adjourning March 24 to halt the precipitous decline in fuel tax revenues that has cost the state millions of dollars in road funding.
March 25, 2015BusinessFuel
Diesel’s Average Price Drops 5.3¢ to $2.864
Diesel’s national average price dropped 5.3 cents to $2.864, the second straight decline after five increases, the Department of Energy reported March 23.
March 24, 2015BusinessFuelGovernment
More States Increasing Fuel Taxes to Make Overdue Highway Repairs
A flurry of activity in statehouses to generate additional revenue for highway funding continued last week, as one governor signed legislation to increase fuel taxes and a second said he plans to sign a similar bill.
March 23, 2015BusinessFuel
US Diesel Average Declines 2.7¢ to $2.917; Gasoline Dips as Crude Oil Hits 6-Year Low
The U.S. retail diesel average declined 2.7 cents a gallon last week to $2.917, the Department of Energy reported, snapping a streak of five weekly increases.
March 23, 2015GovernmentFuelBusinessSafetyAutonomous
Secretary Anthony Foxx, Rep. Bill Shuster: Gas Tax Increase Unlikely This Year
WASHINGTON — Two of the country’s top transportation leaders reaffirmed their opposition to raising fuel taxes to keep highway programs funded for several years, a setback for proponents of increasing the user fees, including trucking industry leaders.
March 19, 2015BusinessFuel
Diesel National Average Declines 2.7¢ to $2.917, Ending String of Price Increases
The average U.S. retail diesel price declined 2.7 cents to $2.917 per gallon, snapping a streak of five weekly price increases, the Department of Energy reported March 16.
March 17, 2015BusinessFuel
Quick Take: Oil Prices May Have Further to Fall
Oil bulls got another piece of bad news March 16 from an unlikely source: the Federal Reserve.
March 17, 2015BusinessFuel
Speed Limits May Not Stop Fiery Oil Spills, Rail Chief Says
Lower speed limits for railroads may be ineffective at keeping oil trains on the tracks and preventing massive fireballs, such as those triggered in a series of recent derailments, the chief U.S. railroad regulator said.
March 16, 2015BusinessFuelSafetyEquipment
Goodyear Rolling Out New Fuel Max Line; Says Tires Provide Fleets Additional Savings
SAN ANGELO, Texas — The Goodyear Tire & Rubber Co. is out to prove its engineering research and product development efforts can lead to financial savings for fleet customers.
March 16, 2015