Technology is vastly changing the landscape in the transportation industry. In regards to the modern automobile, one part of the vehicle has gone without advancement. The metal license plate has not changed since New York became the first state to require license plates in 1901.
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Yesterday, the United States and Mexico settled on new concessions that will make changes to the current North American Free Trade Agreement (NAFTA). The hope is to improve upon the U.S. $69-billion trade deficit with Mexico.
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According to the American Transportation Research Institute (ATRI), in 2016 truck driver turnover rates were the highest compared to most other occupations. There are many complications the transportation industry has to overcome when it comes to truck driver retention. The aging workforce and the long hours away from home are just two of the major […]
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As the U.S. sanctions on Iran are now a little over two months away with a start date of November 5th against Iranian oil exports, two other OPEC member nations, Saudi Arabia and Iraq, are continuing to position themselves to capture additional European oil market share as a result of these sanctions.
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Earlier this week the EIA stated that oil terminals on the Texas Gulf Coast exported more crude oil than they imported in April of this year; surpassing imports by 15,000 bpd. A month later, the spread between imports and exports in Texas widened to 470,000 bpd which contributed to the U.S.’ record setting crude oil […]
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The oil market is rallying today primarily because of a sizable crude oil draw reported by the DOE, a softening dollar, and bullish OPEC comments.
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The second round sanctions by the U.S. on Iran will take effect in November. These sanctions will focus on Iran’s energy sector. The Trump administration forecasts that it will persuade the countries that import Iranian oil to cut as much as 1 million barrels a day when the sanctions begin in early November. The major […]
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Today, August 20, 2018 Greece exited its final bailout program from its fiscal crisis in 2015. In an article published by Reuters, the chairman of the ESM board of governors said, “Today we can safely conclude the ESM program with no more follow-up rescue programs as, for the first time since early 2010, Greece can […]
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As summer winds down and eases back into school, football, and cooler temps, less expensive higher Reid Vapor Pressure (RVP) grades of gasoline enter the distribution system.
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Commodity and global equity markets got smoked yesterday due to a surge in the U.S. dollar index which was perpetuated by fears of Turkish contagion and a surprise build in crude oil inventories.
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