In September, demand for freight continued to remain strong. However a combination of tighter capacity and fuel price increases were causes for higher spot market rates. Refrigeration and flatbed freight dropped from August to September according to DAT Truckload Freight Volume Index. The index reflects changes in the actual number of spot market loads moved […]
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The bulls are off and running today because there is a bevy of bullish headlines including optimism over a U.S./Chinese trade deal and a missile attack on an Iranian oil tanker.
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Ecuador’s government was forced out of the capital, Quito, by violent protests earlier this week. The country is already in an uneasy state with the vulnerable economy that has been battered by lack of public transportation and blocked roads. These violent protests stem from President Moreno’s decision to cut subsidies which led to an extremely […]
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On Monday October 7, Occidental Petroleum chartered the Very Large Crude Carrier (VLCC) Maran Andromeda to carry oil to South Korea for a record rate of $13.25 million that is set to depart the United States toward the end of November. The reasons for the spike in freight rates recently for VLCCs is related to […]
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The 3rd quarter of the year ended just a few days ago and trucking companies all over the country are reconciling fuel purchases and miles driven to ensure proper International Fuel Tax Agreement (IFTA) tax filings. If you are not in the trucking business, IFTA is just another acronym to be thrown around, but here […]
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Gas stations across the United States are required to implement EMV Chip Readers at their pumps beginning in October 2020. Although this is a very costly transition for retail stations, the benefits for consumers will conceivably outweigh the cost. Card skimming has skyrocketed over the past few years and by having chip readers at the […]
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Oil prices edged lower on Tuesday after a key U.S. manufacturing report dimmed the outlook on the manufacturing industry and invoked lingering fears of a global recession.
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The new fuel shortage in Yemen is just one of many problems causing suffering with the civil war being fought by the Iran-aligned Houthi movement and a Saudi-led coalition backed by the West. Citizens wait in line for days at a time for an opportunity to fuel their vehicles. Not only is there a shortage […]
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Monday September 23, 2019 was officially the first day of autumn. It won’t be long before overnight temperatures in the northeast drop into the 30’s and begin to impact vehicle operating performance. The winter season will soon follow and bring us the annual snow, ice, and freezing rain that will make travelling on the highways […]
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As the debate over the environmental impact of hydraulic fracturing rages on, a new report from the Susquehanna River Basin Commission’s (SRBC) continuous water quality monitoring project does not show evidence of water quality changes as a result of natural gas development. In an article by Kevin Randolph from the Pennsylvania Business Report, he reports […]
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