Category: Top Stories
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Why the Northeast is quietly running out of diesel
Why the Northeast is quietly running out of diesel The East Coast of the U.S. is reporting its lowest seasonal diesel inventory on record. And some trucking companies appear spooked. The East Coast typically stores around 62 million barrels of diesel during the month of May, according to Department of Energy data. But as of…
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Exclusive: Central Freight Lines to shut down after 96 years
Exclusive: Central Freight Lines to shut down after 96 years Nearly, 2,100 employees will be laid off right before Christmas. Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down…
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Benchmark diesel price up as pump number lags big fall in futures markets
Benchmark diesel price up as pump number lags big fall in futures markets In its new publication time Tuesday morning, the benchmark diesel price used for most fuel surcharges rose on the back of increases in diesel futures that now seem a distant memory. The Department of Energy/Energy Information Administration price rose 4.7 cents a…
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Fuchs: Efficient Surface Transportation Board will foster rail competition, growth
Fuchs: Efficient Surface Transportation Board will foster rail competition, growth DENVER — The chairman-designate of the Surface Transportation Board says he is transforming the regulatory agency into a more efficient body that will help support competition and growth for railroads. “We want to break down barriers to growth, encourage competition and elevate the role of…
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Ocean shipping carbon tax could gouge US consumers, say opponents
Ocean shipping carbon tax could gouge US consumers, say opponents Government representatives are meeting this week to finalize the first-ever global carbon tax on ocean shipping emissions in a move that opponents say could disproportionately hit American consumers. The initiative is being driven by the International Maritime Organization, which regulates global shipping, following a 2023…