Tag Archive | "prices"

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AASHTO: Freight growth leading to transportation crisis

Posted on 23 July 2010 by Mryan

Been stuck in traffic lately? If you think it’s bad now, a new report from the American Association of State Highway and Transportation Officials (AASHTO) says it’s only going to get worse in the next two decades. With 1.8 million more trucks expected to hit the highways in the next 10 years and for every Continue Reading

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Study of Low-Carbon Fuel Standard Projects Massive Price Increases

Posted on 01 July 2010 by Mryan

Pursuit of a low-carbon fuel standard could be better for the environment, but worse for personal finances if it plays out according to a recent study sponsored by the Consumer Energy Alliance, a coalition of fuel users and producers. Initially, projects the study, gas prices would jump to $5 a gallon, then $7.50 five years later. The increase is tied to Continue Reading

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Canadian transportation rates take step back in March

Posted on 15 June 2010 by Mryan

Costs for ground transportation for Canadian shippers took a slight hit in March, according to the latest Canadian General Freight Index. Overall, freight costs dropped 2.6 percent that month, erasing the gains from February. Base rates, excluding fuel surcharges, decreased 1.9% with average Continue Reading

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Wal-Mart Seeks More Control of Its Transportation

Posted on 03 June 2010 by Mryan

Wal-Mart continues its quest to become more eco-friendly, and its latest move is to assume control of its U.S. transportation services from suppliers. According to the mega discount store, by using its private fleet and contractors to transport goods from the manufacturer to Wal-Mart’s distribution centers and on to its stores, such action will help further Continue Reading

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Diesel to Average Near $3 This Year, DOE Says

Posted on 25 February 2010 by Mryan

The Department of Energy’s monthly short-term energy outlook projects that diesel fuel will average nearly $3 a year before eclipsing that mark in 2011. Gasoline will rise to $2.84 a gallon this year from $2.35 last year and continue climbing to an average $2.97 in 2011, DOE said, pinning the gain to projected higher crude Continue Reading

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DOE Raises Diesel Price Forecast for 2010

Posted on 19 August 2009 by Mryan

Diesel prices are expected to hold steady for the rest of this year, but the average price per gallon is projected to jump by a nickel in 2010, according to the Department of Energy. For the rest of 2009, expect to see $2.46 per gallon at the pump, but next year fuel is forecast to average $2.84, up from its previous estimate of Continue Reading

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Trucking takes on fuel speculators

Posted on 12 August 2009 by Mryan

With the uncertain stability of fuel prices hanging above the trucking industry like a Damocletian sword, the American Trucking Association (ATA) is taking on the Commodity Futures Trading Commission (CFTC), calling for regulation to help combat volatility in 2008 costs that put some carriers out of business and left many others Continue Reading

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McCaskill Brings Back ‘Hot Fuel’ Bill

Posted on 27 July 2009 by Mryan

A Missouri senator is again trying to fire up support for a bill that would require installing a device at retail fuel pumps that would ensure consumers get as much as they pay for. The Future Accountability in Retail Fuel Act of 2009 — or FAIR Fuel Act — calls for the use of automatic Continue Reading

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DeFazio Seeks to Tax Oil Futures Contracts

Posted on 15 July 2009 by Mryan

Though the American Trucking Association is one of several groups who have petitioned Congress to help rein in fuel speculation, it has not yet endorsed the recent tax on speculative oil trades introduced by a leading Democrat on the House Transportation and Infrastructure Committee. The proposed 0.02 percent tax on Continue Reading

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Truck sales may be stabilizing

Posted on 06 July 2009 by Mryan

Orders and sales for Class 8 trucks seem to be stabilizing, though at historically low levels, according to research firm FTR associates, but it is uncertain when sales will pick up again. Several factors complicate the outlook, including the wealth of under-used equipment. 2009 Class 8 production is expected to Continue Reading

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