In the ever-volatile world of energy markets, a recent development has sent shockwaves throughout the industry. Cushing oil stocks, a critical indicator of oil market stability, have plummeted to near-historic lows. This sudden turn of events has caught the attention of both investors and analysts alike, leaving many wondering about the implications for the global […]
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As August 2023 unfolds, Americans are facing an unwelcome financial jolt at the pump. The cost of gasoline is soaring once again, coincidentally, just before Labor Day weekend and the ominous start of the hurricane season with Hurricane Idalia expected to make land fall this week. This double whammy of events is sending a […]
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The global supply chain seems to be slowly recovering from the years of damage due the COVID-19 pandemic. Many carriers started 2023 with a positively cautious outlook as their near-term profitability inched closer to reality. The spot rate steadily climbed back closer to the $2.00 per mile threshold, but a recent crash in the spot […]
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While vehicle emissions standards for heavy-duty vehicles and engines are not something new, the EPA has set its focus on the reduction of nitrogen oxides (NOx) and particulate matter in order to improve overall fuel efficiency for engines. The near-divergent requirements, if enacted, will be both a difficult and costly obligation for manufacturers and fleets […]
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As 2022 comes to an end, many of the recessionary fears that have existed throughout the year have not gone away. Many experts theorize that these fears may come to realization in the new year. The memories of the recent freight recessions in 2008 and 2019 still haunt the thoughts of many freight professionals, as […]
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The Institute of Supply Chain Management (ISM) recently released their September survey of Supply Chain Executives. The Report gives a reading of 50.9% in the month of September 2022, a 1.9% dip from August 2022. A reading of 50 separate expansion and contraction, and the September result was weaker than the median projection of 52 […]
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The Federal Motor Carrier Safety Administration (FMCSA) announced plans to extend the hours-of-service emergency declaration, first enacted in March of 2020 until October 15th of 2022. Previously, the FMCSA set a three month extension with the tentative end date of August 31st. The most recent extension, being roughly six weeks in length, could signify the […]
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In a post COVID-19 United States, many industries are still left licking their wounds dealt by the nationwide shutdowns and lockouts enacted to limit the spread of the Coronavirus in 2020. Chief among those industries impacted is the trucking industry. Many trucking companies across the United States are still experiencing difficulties in their acquisition and […]
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On June 21st, 2022, Kearny Consulting Firm revealed their annual State of Logistics report to members of the Council of Supply Chain Management Professionals (CSCMP). The document provides an overview of the US economy through the eyes of the logistics sector.
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