Green Shipping Line Signs Teaming Agreement With Moran Iron Works
Green Shipping Line (GSL) and Moran Iron Works (MIW) have signed a teaming agreement to pursue marine construction projects in the United States. GSL is headquartered in New York, NY and is in the process of facilitating the construction of a fleet of modern, fuel efficient Jones Act feeder vessels that offer shippers reliable, economic
Highway Trust Fund Ticker
As the two graphs below indicate, both the Highway Account and the Mass Transit Account of the Highway Trust Fund are nearing insolvency. With the Highway Account expected to become insolvent by the end of the summer, the Department of Transportation may consider implementing cash management procedures to manage the flow of federal dollars. If
California’s 20-cent diesel tax hike goes into effect
Truckers in California will now see increased prices at the pump after a 20-cent increase to the state’s diesel tax went into effect Wednesday, Nov. 1. The excise tax on diesel in the state jumped from 16 cents per gallon to 36 cents per gallon Wednesday. The state has also increased the sales tax rate