Looks like over-the-road trucking will continue to burn rubber in 2023. According to the American Trucking Associations’ 2023 forecast, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead. According to the same article, “overall, total freight tonnage is expected to grow 21% by 2023, and revenue for the […]
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Elevating Customer Service with Fleet Fuel Card Benefits Select Stone Company, LLC is a premier stone supplier in Northwest Ohio with customers in both the residential and commercial sectors. With a demand for deliveries of material for landscaping, building, water gardens, and masonry, they need a fuel card they can count on so they can […]
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Liquefied natural gas (LNG) has overtaken pipeline gas as the most abundant and valuable form of U.S. natural gas exports. LNG exports are on track to break volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher […]
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The European energy crisis has pushed many companies that make steel, fertilizer, and other products to shift their output to the U.S., where energy prices are stable and the federal government provides incentives to expand, the Wall Street Journal reported. Chemical maker OCI has boosted their U.S. production, which this month said it would expand an ammonia […]
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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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After two weeks in Glasgow, Scotland, the COP26 has concluded with over 200 countries signing the Glasgow Climate Pact. The final decision on how the world plans to handle fossil fuels came down to last minute dropped wording calling for the “phase out” of coal-fired power, replacing it with “phase down”. Defenders of the word […]
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The average age right now for majority of truck drivers is 54 years old. That could change with a different strategy to recruit younger truck drivers. Traditionally, trade schools that offer truck driving help people interested to obtain their CDL in order to join the workforce however, now some high schools are offering truck driving […]
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Record high natural gas prices are occurring worldwide. This is causing major supply chain issues nationwide in energy dependent markets including food production, steel producers, fertilizer manufacturers, and glass markers. According to Reuters, natural gas prices have risen sharply around the globe in recent months. That has been due to a combination of factors: including […]
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Truck freight rates are still high in the United States for flatbeds, vans and reefer freights. Shippers have been paying a premium for several reasons. According to Fleet Owner, “shippers not only experienced escalating spot and contract rates in July but they were also hammered by port congestion, unloading delays, shortages of trucks and drivers, […]
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Truck driver turnover rates generally are higher for over-the-road fleets than local trucking companies. According to American Trucking Associations Chief Economist Bob Costello, “Large for-hire truckload driver turnover rates were 90% for OTR operations and 20% for local operations in 2020. He identified various factors that are exacerbating the driver shortage, ranging from lifestyle issues […]
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