As we all anticipate summer days spending time outside enjoying the warm weather and sunshine, the heat in the west is providing just that. Heatwaves in the western United States broke all-time records in multiple states with temperatures soaring above 100 degrees Fahrenheit. This weather marked another climate extreme for residents who already are suffering […]
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Energy firms in the United States added oil and natural gas rigs for the second consecutive week. Oil prices have recently risen to their highest point since the third quarter of 2018 which urged oil drillers to return to the well pads.
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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 […]
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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 […]
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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?
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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 […]
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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 […]
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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 […]
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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 […]
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Last Friday China’s National Petroleum Corporation made a significant discovery while drilling in the Tarim Basin located in the Fuman Oilfield area of the Xinjiang Uyger Autonomous region. In their drilling efforts, China uncovered a new 1-billion-ton oil and gas area making it the largest discovery in over 10 years. The Furman Oilfield is one […]
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