Retail diesel will average $2.79 in the fourth quarter and rise 50 cents from this year’s projected average to nearly $3 a gallon next year, the Department of Energy said.
November 10, 2009Search
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Vermont-New York Bridge Will Not Reopen
Officials in Vermont and New York have decided the Crown Point Bridge connecting the two states at the southern tip of Lake Champlain is too badly deteriorated to repair.
November 10, 2009Pension Bill Would Provide Firms More Time to Restore Funds to Underfunded Plans
Carriers with multi-employer pension obligations would get as much as 30 years to restore full funding of currently underfunded plans, under legislation introduced by two members of Congress.
November 10, 2009Panel OKs Cap-and-Trade Bill, Despite Republican Boycott
Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.
November 10, 2009IRS Drops $319 Million Levy over FedEx Owner-Operators
FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.
November 10, 2009ODFL Sets Improved Service to Canada
Old Dominion Freight Line said it is improving its Northwest gateway into Canada effective Monday, which will connect more than 65 of its service centers to Edmonton and Calgary, Canada.
November 9, 2009Frozen Food Express Cites 3Q Loss
Refrigerated carrier Frozen Food Express Industries lost $2.6 million, or 15 cents a share, in the third quarter, compared with net income of $1.4 million, or 8 cents, a year ago.
November 9, 2009TravelCenters of America Reports Third-Quarter Loss
Truck stop chain TravelCenters of America said Monday it lost $12.2 million, or 73 cents per share, compared with a profit of $16.7 million, or $1.08, a year ago.
November 9, 2009Gasoline Price Increase Slows
Gasoline’s national average price rose by an average 3 cents over the past two weeks to $2.68 a gallon, slowing its recent increases, according to the latest Lundberg Survey of filling stations released Sunday.
November 9, 2009FedEx to Buy 51 Hybrid Trucks
FedEx Corp. said that its FedEx Express subsidiary will purchase 51 new gasoline-electric hybrid step vans.
November 9, 2009