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, 2008Business, Logistics, Fuel, Government
Diesel 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, 2008Business, Logistics, Government
Gas 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, 2008Fuel, Business, Government
Highway Funds Dwindle as Drivers Cut Back, Journal says
Business, Government, Safety, Fuel, Logistics
EPA 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, 2008Business, Safety, Government
GAO 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, 2008Business, Safety, Government, Fuel
Profits 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, 2008Government, Business, Fuel
Diesel Dips 4.6¢ to $4.718
The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.
July 28, 2008Fuel, Government
Saia’s 2Q Profits Tumble on Fuel, Pricing Pressures
Saia Inc. on Friday reported that it earned $5.4 million, or 40 cents a share, in the second quarter, down from $10.4 million, or 72 cents, a year ago.
July 25, 2008Business, Government
Consumer Sentiment Index Rebounds in July
U.S. consumer confidence this month rose from a reading that was close to a 28-year low, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 25, 2008Business, Government
New °®¶¹´«Ã½ Sales Fall in June
New home sales fell 0.6% in June, the Commerce Department said Friday.
July 25, 2008