Latest Fuel tax Stories

CHATTANOOGA, Tenn., Oct. 30, 2012 /PRNewswire/ -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) announced today financial and operating results for the quarter ended September 30, 2012. Highlights for the quarter included the following: Freight revenue of $133.0 million, an increase of 5.1% compared with the third quarter of 2011; Operating income of $4.6 million and an operating ratio of 96.5%, compared with operating loss of $9.8 million and an operating ratio of 107.7%...

CHATTANOOGA, Tenn., July 25, 2012 /PRNewswire/ -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) announced today financial and operating results for the quarter ended June 30, 2012. Highlights for the quarter included the following: Freight revenue of $134.2 million, an increase of 0.4% compared with the second quarter of 2011; Operating income of $11.1 million and an operating ratio of 91.8%, compared with operating income of $7.2 million and an operating ratio of 94.6%...

AURORA, Ill., June 7, 2012 /PRNewswire/ -- AAA Chicago's most recent Fuel Gauge Report estimates that in Illinois, the average regular unleaded gasoline prices decreased $.18 cents during the past month with an average cost of $3.91 for the month of May. This is $.28 lower than last year, marking the first time in 2012 that monthly gas price averages have been lower year-over-year. (Logo: http://photos.prnewswire.com/prnh/20100506/AAACHILOGO) In northern Indiana, gas prices...

ARLINGTON, Va., April 3, 2012 /PRNewswire-USNewswire/ -- American Trucking Associations President and CEO Bill Graves called on Congress to swiftly adopt a proposal introduced by Reps. Jim Gerlach (R-Penn.) and Earl Blumenauer (D-Ore.) to repeal the 12% federal excise tax on large trucks and replace it with a modest increase in the federal diesel fuel tax. (Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO) "The proposal by Congressmen Gerlach and Blumenauer would not only...

AURORA, Ill., April 2, 2012 /PRNewswire/ -- AAA Chicago's most recent Fuel Gauge Report estimates that in Illinois, regular unleaded gasoline increased $.52 cents during the past month, and $.86 since the start of the year. The average cost of $4.10 per gallon for the month of March was $.44 higher per gallon than last year. Both Chicago and the metro region hit all-time-highs in March, with the highest price ever in Chicago recorded on March 27, 2012. That price of $4.68 was...

MONTGOMERY, Ala., March 9, 2012 /PRNewswire/ -- Effective October 1, 2012, the Alabama Terminal Excise Tax Act will change Alabama's fuel taxes to impose tax at the terminal rack or when the fuel is imported into the state. (Logo: http://photos.prnewswire.com/prnh/20110726/DA41187LOGO) Suppliers, permissive suppliers, distributors, importers, terminal operators, exporters, motor fuel transporters, blenders, and aviation fuel purchasers may be required to obtain a license for the...

Tax, Now at Eighty Year Low, Can Be Shored Up for $2.93 Per Average Driver Per Month WASHINGTON, Dec. 14, 2011 /PRNewswire-USNewswire/ -- A first of its kind, 50-state analysis from the Institute on Taxation and Economic Policy (ITEP) reveals that state governments are losing out on over $10 billion in transportation revenue each year, contributing to an estimated $130 billion drain on the economy resulting from higher vehicle repair costs and travel time delays. State lawmakers...

Increased petrol taxation is a very effective instrument to reduce greenhouse gas emissions. A common argument against such a measure is that it hits poor people the hardest. Yet a new study by researchers at the University of Gothenburg, Sweden, – the largest ever of its kind – shows that it is middle- and high-income earners who are generally affected the most by petrol taxes, especially in poor countries. The UN climate negotiations COP17 are currently underway in Durban, South...

RIVERWOODS, Ill., Aug. 31, 2011 /PRNewswire/ -- During a year where gasoline prices jumped above $4 per gallon in many parts of the country before leveling off, drivers are keeping an even closer eye on the ever-changing cost of filling up at the pump. CCH, a Wolters Kluwer business and the leading global provider of tax, accounting and audit information, software and services (CCHGroup.com), monitors consumption taxes and takes a look at changes in state gas taxes from the previous year. A...

NEW YORK, July 26, 2011 /PRNewswire/ -- JetBlue Airways Corporation (Nasdaq: JBLU) today reported its results for the second quarter 2011: Operating income for the quarter was $86 million, resulting in a 7.5% operating margin, compared to operating income of $95 million and a 10.2% operating margin in the second quarter of 2010.Pre-tax income of $43 million in the second quarter. This compares to pre-tax income of $52 million in the second quarter of 2010. Net income for the second...