News - page 48

General Electric (GE) and Clean Energy Fuels have announced a collaboration to expand the infrastructure for natural gas transportation in the United States.

As part of the collaboration, Clean Energy Fuels will initially purchase two ecomagination-qualified MicroLNG plants from GE Oil & Gas. The plug-and-play modular units, which are designed to rapidly liquefy natural gas while minimizing a site’s physical footprint, will support fueling stations along critical transportation corridors that run across the U.S. Further underscoring GE’s commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200 million in financing for the two GE MicroLNG plants.

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Despite Sandy’s destruction to the Northeast, AAA reports a slight drop in national diesel prices over the past week, even in New Jersey, where many pumps are closed.

On Nov. 1, AAA reported the average nationwide retail cost per gallon of diesel was $4.047 compared to $4.053 the day before.  A week ago, the national average was close to $4.095, and a month earlier it was slightly more than $4.082 . (more…)

America, I like the way you move…move products that is. Freight, otherwise known as cargo or the transportation of goods, is the backbone of our country’s consumer driven economy. Without the dedicated delivery of essential products, the landscape of the retail industry would be dramatically altered. The indispensability of transport is often overshadowed by miscellaneous reports of accidents, theft and strikes. Current shortages in both the transportation and logistics industries gently remind us of the integral role these industries play in our everyday lives.

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With nearly a quarter of a million job openings nationwide for long-haul truck drivers, the call of the open road is going largely unheeded. During these tough economic times with layoffs, pay cuts, and high unemployment, trucking companies are still struggling to fill their open positions. As David Heller, director of safety and policy for the Truckload Carriers Association, tells CNN money, “Nobody wants to drive a truck.” (more…)

The shortage of truck drivers will worsen as the economy recovers and as the federal government adds more regulations, so it is critical the industry retains current drivers and attracts younger ones to the profession, a panel of experts said here Tuesday. (more…)