They say fuel prices shoot up like a rocket and fall like a feather. We’ve seen yet another example of that this week as the benchmark diesel price used for fuel surcharges has eclipsed $4 per gallon. This is about a 20-cent increase from the prior mark of $3.89. While several factors can impact this […]
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In August of 2023, Yellow Freight Service filed for bankruptcy, and the near-100-year-old company ceased all business operations. As the fallout from that continues, 128 of their 169 properties sold for a whopping $1.9 billion. Among the buyers, the most notable is XPO, who is purchasing 28 of Yellow’s locations totaling $870 million. XPO purchasing […]
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The California Air Resources Board just voted to adopt its “Advanced Clean Fleets” regulation. The goal of the regulation is to motivate medium and heavy-duty fleets in California to achieve zero-emission status by 2045. While it has become clear California is getting a head start on such regulations, other states are surely to follow. The […]
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There are many factors which affect the freight industry. Labor costs, load availability, available truck utilization, and diesel prices are among them. While there are still supply chain obstacles present, experts say we have already seen the worst of them. Companies nationwide kicked into high gear to keep up with the demand for freight haulers […]
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The North American Council for Freight Efficiency (NACFE) released the results of their study on Class 8 vehicle fuel economy. The study comes after a three-year hiatus caused by the COVID-19 pandemic. In total, the NACFE studied 15 fleets operating 75,000 trucks doing both linehaul and regional freight transportation. Class 8 vehicles participating in the […]
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As diesel and distillate inventory levels continue to decline, countries are scrambling to make necessary adjustments. The rise in demand extends beyond our domestic borders, as Europe faces its own set of obstacles. The war in Ukraine presents the biggest challenge, and with the impending embargo on Russian oil in 2023, there is no end […]
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During the most recent OPEC+ meeting in August, the organization announced a plan to cut production by 100,000 barrels per day. At the time, Brent crude oil prices were around $95 per barrel and steadily declining. In the days following the announcement, prices went back up to around $100 per barrel. Since then, prices have […]
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