Senate Republicans on June 21 didn’t get the two-thirds majority support they needed to save their resolution to block the Environmental Protection Agency (EPA) from enforcing its new air pollution rules for heavy-duty trucks. President Joe Biden vetoed the measure the previous week. The Republicans’ attempt to override Biden’s veto got only 50 affirmative votes…
Senate Upholds Biden Veto of Measure to Roll Back EPA’s Truck Pollution Rule
Truckers Face Bad Business Environment and Experts See It Getting Worse
Truck drivers and larger carriers are facing a tough business environment, which may get worse than it did during the Great Financial Crisis, according to a report. Freight demand has deteriorated over the last year due to a sluggish economy, and per-mile rates for drivers have plunged since the pandemic-era boom in 2021, which brought a…
US Truckers ‘Barely Getting By’ as Diesel Prices Soar
American truckers are finding it difficult to make ends meet amid elevated diesel prices, with fuel shortages worsening the problem. At the beginning of 2022, the retail price of diesel in the United States was $3.61 per gallon. This has now jumped more than 47 percent, to $5.32 per gallon, as of Oct. 31. “You’re…
Supply Chain Logjams Ease As Tight Trucking Market Sees Relief
Supply chain pressure on the U.S. economy has eased to its lowest level since December 2020, as trucking sector activity begins to cool after peaking in the first quarter, according to a new Logistics Managers Index report on June 7. The index dropped to 67.1 in May, the second straight monthly decline from the record of…
Trucking Industry Downturn Foreshadows Possible Economic Troubles
Demand for trucking services has declined notably in the early months of 2022, foreshadowing the likelihood of economic tribulations as the economy roils from inflation, supply chain issues, and interest rate hikes. By April 17, trucking on-demand rates had fallen to $2.19 per mile, down from $2.27 on the same day in 2021, and significantly…
Australian Fuel Excise Cut Hits Trucking Industry Hard with Ripple Effect on Consumers
The halving of Australia’s fuel excise as part of last month’s Budget will save consumers 22 cents per litre at the bowser for the next six months, but the simultaneous scrapping of the 18 cents per litre fuel tax rebate on diesel is seriously impacting the trucking industry, with potential knock-on effects for consumers. With…
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