During a seminar held by Bibby Financial Services at the Mid-America Trucking Show in Louisville, KY on March 28th, information was presented from a survey that was gathered from 250 small to mid-sized trucking businesses.
Read MoreThe Survey Says
“Oil Buyers Club”
China and India have had considered on creating a “club” which will negotiate better prices with oil exporting countries and will be looking to import more U.S. crude oil in order to reduce OPEC’s sway. Two of the world’s largest oil importers, second and third respectfully, have exchanged senior level visits several times to discuss […]
Read MoreGlobal Outlook: Oil Production & Consumption
Global Outlook: Oil Production & Consumption
Read MoreWaive Goodbye to Sanctions Exemptions
Global oil prices shot up quickly this week following reports that the Trump administration has decided to let Iranian oil sanctions exemptions expire at the end of the month. By ending sanctions exemptions, the administration has accelerated its goal of forcing Iran’s oil exports to zero. At a Monday press conference, Secretary of State Mike […]
Read MoreThe Economy and Trucking Go Hand In Hand
The relationship between the economy and the trucking industry is closely intertwined. According to Reuters, “Trucking accounts for 70 percent of U.S. shipment tonnage, and is key to supplying the manufacturing, construction and retail sectors, all of which showed sluggishness in the first quarter. The most common factors for the decline include the U.S.-China trade […]
Read MorePortugal’s Problem
Portugal has declared a nationwide energy crisis this week after all of their fuel truck drivers have gone on strike, threatening to cripple the infrastructure of the nation. The organization representing the interest of 700 of the 1,000 working in the sector, The National Union of Dangerous Goods Drivers, is demanding higher wages and recognition […]
Read MoreApril is Distracted Driver Awareness Month
Did you know that April is National Distracted Driver Awareness month? Every day at least nine Americans die and 100 are injured in crashes caused by distracted driving. Many things are to blame; cell phones, touch screens, the environment and technology all pose a threat to our safety while on the road. Distracted Driver Awareness […]
Read MoreFuel Tax Spike in Ohio
On April 3 2019, Ohio Governor Mike DeWine signed a bill which will increase the gasoline and diesel fuel taxes for the state. Starting on July 1st the state tax on diesel fuel will increase by 19 cents to a total of 47 cents per gallon. The 67% increase will bump Ohio to the 6th […]
Read MoreOil Prices Take Breather after Wednesday’s Strong Rally Led by Gasoline
Oil prices are taking a breather today after Wednesday’s strong rally due in large part to the gasoline inventory draw and low production levels in Venezuela.
Read MoreFuel Figures Flourish From Floods
The Midwest continues to see the effects from the recent month of March floods and is causing ethanol to be near its highest basis level since 2014. While prices go up and barrels are trapped in the country’s interior, it’s causing the U.S. coasts to suffer from a biofuel shortage.
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