Many Factors Impacting Freight Industry to Start 2023

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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Class 8 Fuel Economy Unchanged Following NACFE Study

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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Diesel Shortage Brings Much Uncertainty

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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OPEC+ Aims for Higher Prices

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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