Even in an industry where mergers and acquisitions are commonplace, 2021 was a particularly busy year for large carriers looking to purchase a few of their smaller industry brethren. In April, Canadian carrier TFI International completed its acquisition of UPS Freight before purchasing Missouri-based D&D Sexton in November. On that same day in November, Werner […]
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Liquified Natural Gas (LNG) ships that were headed for Asia rerouted yesterday to Europe as they are facing a winter shortage of natural gas from Russia. European consumers are willing to pay a large premium as prices across the region surge to new peaks.
Read MoreCrude oil prices have been on a tumultuous ride for the past month, but is the worst behind us? We first learned of the Omicron variant in South Africa on Thanksgiving Day, and when financial markets re-opened on black Friday, the oil patch was terrified. As you can see in the chart above, WTI crude […]
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A sharp rise in global Omicron variant cases has sent oil prices tumbling. At the time of this writing, WTI crude is trading at $66.77, down $4.09 for the day. The United States hasn’t committed to new lockdowns; however, many other countries are implementing new policies that will certainly lead to demand destruction.
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Overall pipeline capacity utilization in the United States stands at 50 percent. In early 2020 before the pandemic, capacity utilization ranged between 60-70%. According to Reuters, oil and gas shippers often find themselves building pipelines amid a production boom only to find there is too much capacity when downturns occur. Numerous pipelines were built in […]
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The AAA holiday travel forecast for 2021 is in and it looks much different from last year. Many family get-togethers and getaways were cancelled in 2020 due to the pandemic and this year travel is expected to increase by 34%. According to Newsroom, more than 109 million people will travel 50 miles or more as […]
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Climate change, global warming, and CO2 emissions are all hot topics of an energy intensive world. Fossil Fuels live at the center of the debate with many people calling to an end of the fossil fuel era and the coal and gas companies that mine them. These groups and activists push for greener and cleaner […]
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Winter is a beautiful time of year, but it can also be a dangerous one, especially in the logistics industry. Fuel suppliers and their fleets face unique challenges in the winter season, whether it be an unexpected snowstorm or below-freezing temperatures. In order to continue serving clients well into the winter months, it’s important to […]
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Each year, as we prepare for the winter driving season, it is typical that we warn our customers delays are likely to occur. We often suggest wider timeframes, flexibility on delivery dates, and ordering in advance if a winter storm is being predicted. While companies and drivers can prepare for the winter by getting their […]
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Earlier this week some of the largest oil companies met at the World Petroleum Congress in Houston, Texas. The Congress is an event that brings together industry and government leaders to discuss various matters including the social, economic, and environmental impacts of the petroleum industry.
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