OPEC+ delegates are meeting in person in Vienna on Wednesday, and it is widely expected that they will announce production cuts. Oil prices have experienced a substantial decline over the past few months, and the cartel views this as a way to prop up oil prices. Despite the announcement grabbing headlines, analysts and economists are […]
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European countries are scrambling to investigate two mysterious gas leaks in major Russian pipelines running below the Baltic Sea. You may recognize the “Nord Stream” name from current events: the two natural gas pipelines have been frequently mentioned as tangential casualties in Russia’s invasion of Ukraine. As the European Union (EU) countries have stepped up […]
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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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Although some may argue it is paradoxically named, The Inflation Reduction Act is set to dramatically impact the landscape of decarbonization in the energy sector. Passed by the U.S. Senate on August 7th via the budget reconciliation process, the legislation is expected to be passed by the House of Representatives as well when they meet […]
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Properly managing a professional fleet is no easy task; every day is a dynamic challenge. With so many day-to-day worries to contend with – mechanical failures, regulatory compliance, traffic at the shipper or receiver – it helps to have a dependable fleet card that makes your life easier instead of harder. With that in mind, […]
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Last week, the U.S. Senate Judiciary Committee voted 17-4 to pass the No Oil Producing or Exporting Cartels (NOPEC) bill, which if passed in Congress and signed by the President would allow the U.S. Attorney General to sue OPEC and/or its members for antitrust collusion. The bill is designed to protect U.S. consumers from volatile […]
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A quick look at any truck stop’s signage this year will reveal some eye-popping numbers; U.S. Energy Information Administration (EIA) figures for March 2022 peg the average cost of gasoline at $4.22/gallon. Diesel fuel comes in almost a full dollar higher at $5.11/gallon. Price pressure has abated since then, but only slightly. According to the […]
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BDR EXPRESS, INC. Saving fees & gaining peace of mind. CHALLENGE A mid-size warehouse and truckload logistics company based in Frederick, Md., BDR Express operates about 40 box trucks and tractor-trailer rigs. BDR’s general manager told us his fuel card supplier had been charging multiple, non-negotiable fees, but offering zero fuel discounts and poor customer […]
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In early 2020 at the beginning of the COVID-19 pandemic, gasoline prices in the Pittsburgh area dropped as low at $2.13 per gallon. With the war in Ukraine continuing to pressure global oil prices, local gasoline prices have risen all the way to $4.35 per gallon, a more than $2 per gallon increase from the […]
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Ask any business owner and they will tell you, growth is an exciting measure of their company’s success. While exciting, that growth also involves several key questions that must be navigated. One of those questions specific to the transportation and logistics industry is, “When should I hire a Fleet Manager?”
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