The oil market is mixed this morning as it continues to look for direction and weighs the same news items of the past few months. Those issues continue to be OPEC cuts, U.S. / China trade dispute, concern over a global economic slowdown and increasing U.S. crude production.
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A nationwide challenge that continues to affect the trucking industry is the driver shortage. The same questions continue to surface, where are the drivers? Are they all migrating to a different skill set/industry? Or is there simply just more demand than ever and not enough heads to put in the trucks?
Read MoreThe thinly traded holiday gasoline market bottomed out on December 24th with a NYMEX low of $1.2352 per gallon. Here we are a few days into the New Year trading at a high of $1.4146. Here’s what happened to push prices higher.
Read MoreThe U.S. and China conclude their two-day trade talks in Beijing today with President Trump tweeting this morning “Talks with China are going very well!” This tweet and word that China had their top trade official, Liu He, attend the talks early this week have boosted equity and oil markets along with it as February […]
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Oil prices rose by more than 1 percent on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market.
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The evolution of technology in the world of trucking took another step forward at the close of 2018. Companies like Stoneridge, Inc are focusing on new ways to improve driver safety and fuel efficiency by increasing driver vision through the use of Camera Monitoring Systems (CMS). According to the Commercial Carrier Journal (CCJ), the Federal […]
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Come this time next week, 2018 will be in the rear-view mirror and we will be looking ahead to what 2019 has to offer us. Before we officially close that book, let us look back at the roller coaster of a year that the oil markets has endured. A bit of a reminder that no […]
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Among the never ending list of topics to debate throughout the world, one of the hottest topics might just be global warming. Pun intended!
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With 2018 coming to a close, US trucking companies are expecting to see freight volumes remain steady if not increase heading into 2019. One factor leading to a rise in truckload shipments can be linked to increased tariffs on Chinese goods by the US. The uptick in tariffs can be traced back September of 2018 […]
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Oil prices fell more than 1% yesterday hitting 14 month lows after reports of an increase in U.S. inventories along with surging shale output.
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