The newly signed tax bill, Tax Cuts and Jobs Act, has gone into effect and has significantly limited itemized individual tax deductions that are available to trucking companies and their drivers.
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Oil markets indices are up this morning following a day in which RBOB, heating oil and crude all finished lower. Yesterday’s settles had crude down $0.31 / barrel to settle at $52.41 while the refined products RBOB and heating oil also finished lower by $0.0272 / gallon and $0.0163 / gallon to close at $1.4192 […]
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There are plenty of topics to look at when judging demand. Whether it be demand for fuel, freight, or drivers there are different signals to take into consideration. Traditionally for fuel it can be judged daily by taking a look at price spikes or drops. Then freight demand can be assessed seasonally or monthly by […]
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On December 26th NYMEX low traded at $1.6205 per gallon. Since then, the price has moved higher to $0.27 per gallon moving ever closer to the $2.00 mark.
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After a sharp rally to begin the year, oil prices have been trading in a tight range over the past two weeks and are waiting for their next cue to determine price direction.
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Brent crude Oil prices hit a two-month high near $64 a barrel as OPEC led supply cuts and U.S. sanctions against Venezuela’s oil exports brightened the supply outlook, but prices fell back on uncertainty about prospects for the global economy.
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This week the U.S. was not only faced with a polar vortex but the price of oil is on track for short-term gains with a possible spike in prices we saw last November. There are a few contributing factors to the recent boost that are highlighted below.
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It begins with rain and ends with snow along with the possibility of ice with the bulk of precipitation falling Saturday afternoon and evening throughout the Ohio Valley and Western PA region. The forecast is calling for strong winds with gusts to 35 mph.
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Imagine driving down the interstate behind a tractor trailer and being able to see right through the truck. This may be the new trend in the trucking industry according to some online bloggers. Samsung is well known for their electronics and household appliances, but they have also been developing new technology for safer roadways.
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