Items Tagged with 'trucking industry'

Producers of biodiesel and renewable diesel who say federal biofuel mandates have not been enough to expand their markets sufficiently face a new challenge at the end of the year — the expiration of a $1-a-gallon tax subsidy that has helped maintain the industry for several years.

A nationwide trucking shortage that began well before the 2020 COVID-19 pandemic has worsened and is not anticipated to improve anytime soon. According to the American Trucking Associations, the United States currently needs an additional 80,000 truckers to meet the demands of shippers.

The biofuel tax incentives in President Joe Biden’s Build Back Better bill could insure a growing market for soybean oil and other farm commodities, but the trucking industry worries the subsidies will kick off a war with the airlines over feedstocks.