The week of July 11 through July 17 is Commercial Vehicle Safety Alliance’s (CVSA) Operation Safe Driver Week. During this time, law enforcement will be pulling over and giving citations to drivers of commercial motor vehicles and passenger vehicles violating the rules of the road, including speeding and unsafe driving behaviors. This is in an effort to increase safety on the road to protect other drivers and passengers. Read More
Oil prices have reached a 6 year high following the end of discussion between OPEC and other nations known for oil production. They reached a conclusion that there will not be an increase of 400,000 barrels per day. Failure to reach an agreement is based off of a split in OPEC between the United Arab Emirates and Saudi Arabia.
Americans are seeing the highest increase in gasoline prices since 2014. The price of gas has increased almost a dollar since last year. The national average price per gallon of regular gas is $3.12 a gallon as of last Thursday. Analysts say it is expected that in July and August hundreds of thousands of barrels of more fuel will be burned compared to prior levels, sending the national average price of gasoline upward towards $3.20 or higher.
OPEC+ has decided today to gradually increase oil production August through December to take advantage of higher oil prices, but the market is still trading higher. How can that be? Read More
Sea Ports from every corner of America have seen steadily increasing volumes of 20-foot equivalent units (TEUs) in recent months. The busiest port in the country, the Port of Los Angeles, moved 1,012,047 TEUs in May, compared to 581,664 TEUs a year ago. Not only does that figure represent the 10th consecutive month of increasing container volume, it is the first time any port in the Western Hemisphere has broken the 1 million TEU mark. Read More
As things return to a “new normal” across the country, there are still industries where safety precautions are going to remain in place for the foreseeable future. Many fleet and transportation companies provided their drivers with personal protective equipment (PPE) such as gloves, company branded masks, disinfectant and paper towels. While this prevents the spread of COVID-19, Stephan Kane, president of Rolling Strong, makes note that these measures also, “deter the spread of all kinds of viruses, not just COVID-19. Plus, a lot of people have turned these safety precautions into habits.” Read More
As the summer heats up, the question remains, will Americans eventually return to the office? And will the rush hour gas demand return?
According to Gallup, in April 2020 70% of Americans worked remotely. As of June of 2021, the number decreased to 56% of Americans working remote. According to a study by LaSalle Network, 70% of companies want employees back in the office in some capacity by this fall.
President Biden and 21 bipartisan senators reached a compromise on Thursday to break the stalemate on Biden’s infrastructure plan. These 11 Republican senators and 10 Democratic senators are the first step in passing the agenda. Biden has made a point to comment that he will only sign the bipartisan infrastructure bill if Congress also approves, in tandem, a larger agenda for “human infrastructure” programs focused on home care, childcare and climate change – an agenda only supported by Democrats. Read More
Freight rates are booming, and new truck production constraints means that truckers are looking at low mile used trucks to take on the road. According to an article from Freight Waves, “New truck production, beset by shortages of microchips that power critical vehicle functions, and through-the-roof commodity prices, is only beginning to recover but manufacturers are having difficulties hiring enough workers.” Demand continues to outpace supply and for that reason, truck prices continue to increase. Read More
The world appears to be running on microchips. There is currently a microchip shortage that is affecting the manufacturing of many types of products. The simplest chips can be found in your coffee maker. The more complex chips perform functions such as the power windows in your car. They are also instrumental in the mass production of trucks and cars. The microchip shortage has increased the time required for ordering new vehicles and delivery dates are being pushed out further and further. Read More