Overall pipeline capacity utilization in the United States stands at 50 percent. In early 2020 before the pandemic, capacity utilization ranged between 60-70%. According to Reuters, oil and gas shippers often find themselves building pipelines amid a production boom only to find there is too much capacity when downturns occur. Numerous pipelines were built in […]
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If you have followed the news, shopped online, or stepped foot into a brick-and-mortar store lately, you may have heard that we are in the midst of a global supply chain crisis. Our international commerce infrastructure has been resilient to discrete challenges in the past, but this time, there are several different issues feeding into […]
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After two weeks in Glasgow, Scotland, the COP26 has concluded with over 200 countries signing the Glasgow Climate Pact. The final decision on how the world plans to handle fossil fuels came down to last minute dropped wording calling for the “phase out” of coal-fired power, replacing it with “phase down”. Defenders of the word […]
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OPEC+ concluded their meeting on Thursday with a continuation of their current schedule of adding 400,000 barrels per day (bpd) next month, dealing a blow to major oil-importing nations that hoped they would open the spigots. The cartel disregarded pressure from high-consuming nations who wanted to halt the oil price rally over fears of slowing […]
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Faithful readers of our blog may remember April 2021 marking an all-time high for the average price of a used Class 8 truck. Price tags have only pushed higher over the summer, according to ACT Research. The average cost for a used Class 8 truck sold in September 2021 reached $66,258, a 15.4% increase since […]
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The perks of owning and driving an electric vehicle have dominated automobile headlines for years now, but more research is still needed to determine if the true cost of charging these vehicles is cheaper and more efficient than owning a gasoline powered vehicle. Patrick Anderson, CEO of Anderson Economic Group, recently detailed his experience with […]
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The average age right now for majority of truck drivers is 54 years old. That could change with a different strategy to recruit younger truck drivers. Traditionally, trade schools that offer truck driving help people interested to obtain their CDL in order to join the workforce however, now some high schools are offering truck driving […]
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Europe is in the middle of a true energy crisis, and it appears that it will get worse before it gets better. Low wind output, skyrocketing commodity prices and low natural gas inventory levels are putting Europe, and most of the Northern Hemisphere, in a very compromised position heading into the winter months.
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Record high natural gas prices are occurring worldwide. This is causing major supply chain issues nationwide in energy dependent markets including food production, steel producers, fertilizer manufacturers, and glass markers. According to Reuters, natural gas prices have risen sharply around the globe in recent months. That has been due to a combination of factors: including […]
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The COVID-19 pandemic has caused a lot of change over the past 18 months when it comes to how most industries are ran. Many companies have had to reevaluate the way they do business and assess what changes need to be made to still be standing in a post pandemic economy. The trucking industry is […]
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