Under Connecticut law, the per gallon diesel tax is adjusted up or down effective July 1 of every year, depending on a couple of factors. This year, the rate will increase to 49.2 cents per gallon, up from 40.1 cents per gallon. The state diesel tax rate is comprised of two components. One is a […]
From Transport Topics. WASHINGTON — President Joe Biden on June 22 will call on Congress to suspend federal gasoline and diesel taxes for three months — a move meant to ease financial pressures at the pump that also reveals the political toxicity of high gas prices in an election year. The Democratic president will also […]
From Transport Topics. Truck tonnage jumped 3.7% in May compared with year-ago levels, marking the ninth consecutive year-over-year gain and the largest since April 2021, American Trucking Associations announced. The ATA For-Hire Truck Tonnage Index equaled 117.1 last month, compared with 113.3 a year ago. The May result also represented a 1.4% gain over 116.5 […]
From CNBC. Supply chain disruptions are still rippling across the globe, and the head of the world’s largest truck maker has warned that parts shortages are slowing the production of thousands of its vehicles. Daimler Truck CEO Martin Daum told CNBC on Wednesday that the current supply chain squeeze is among the worst he’s seen […]
From Transport Topics. Efforts to enhance the trucking industry’s workforce and provide additional parking to those currently operating trucks nationwide recently captured the spotlight on Capitol Hill. While gun control and supply chain policy debates are likely to dominate Congress’ attention over the next few weeks, it is worth noting transportation policymakers recently acknowledged two […]
From Transport Topics. NASHVILLE, Tenn. — American Trucking Associations President Chris Spear praised the bipartisan work that carried a federal infrastructure package across the finish line, and stressed that his group will always put issues ahead of politics “It wasn’t a difficult decision for us to support that bill,” Spear said of the Infrastructure Investment […]
From Freight Waves. The weekly Department of Energy/Energy Information Administration average retail diesel price has a new record. With a gain posted Monday of 16.4 cents, the new price of $5.703 a gallon easily surpassed the previous record of $5.623 a gallon set on May 9. It’s the first increase after three weeks of relatively […]
From Transport Topics. A top Federal Motor Carrier Safety Administration official told safety executives attending a commercial vehicle safety conference that a proposed rulemaking for fully automated heavy trucks is targeted for later this year. However, he cautioned, “That’s our target date, but don’t hold me to it.” Such is the nature of the rulemaking […]
From Freight Waves. Transportation capacity expanded for a second straight month in May after falling for nearly two years, according to a monthly survey. Overall activity in the supply chain remained firm during the month. The Logistics Managers’ Index (LMI), a measure of overall supply chain conditions, dipped 2.5 percentage points from April to 67.1 […]
From Freight Waves. Transportation capacity expanded for a second straight month in May after falling for nearly two years, according to a monthly survey. Overall activity in the supply chain remained firm during the month. The Logistics Managers’ Index (LMI), a measure of overall supply chain conditions, dipped 2.5 percentage points from April to 67.1 […]