This week, President Trump will make a decision on the Iran nuclear deal. In 2015, a series of meetings were held between the Islamic Republic of Iran and a group of world powers: the United States, the United Kingdom, Russia, France, and China- plus Germany and the European Union. According to the agenda, Iran would […]
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The US economy is growing and so is the population, both of which are leading freight companies of all types to see increased growth in the number and weight of goods shipped around the country. Truck load (TL) freight volumes increased 2.8% in 2017 over 2016 which is far higher in comparison to 2016 versus 2015. […]
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Gas Prices on rise – As summer driving season approaches
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On Saturday, the U.S., France and Britain retaliated against Syria over suspected chemical attacks a week ago. Missiles struck the heart of the country as a scare tactic against Syria’s President Bashar al-Assad. This was the biggest military intervention in the seven year civil war against Syria and Russia. However, the Western countries said the […]
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The Trump Administration has been making waves by publicly announcing a planned rollback of the Corporate Average Fuel Economy (CAFE) standards put in place by the Obama Administration. In 2011 the Obama Administration ruled that auto manufacturers had to begin producing vehicles with better fuel efficiency that achieved over 50 miles per gallon in an […]
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Oil prices finished lower yesterday across the majors in the energy sector after the government reported a surprise build in U.S. crude stockpiles. Yesterday’s session saw WTI crude oil down $0.87/bbl to close at $64.38/bbl. RBOB and HO also settled lower by $0.0019/gal and $0.0076/gal finishing at $2.0116/gal and $2.0148/gal respectively. The Energy Information Administration’s […]
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According to Geotab, “An ELECTRONIC LOGGING DEVICE (ELD) is technology used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and Hours of service (HOS) records, plus capture data on the vehicle’s engine, movement, and miles driven.”
Read MoreWTI crude oil prices have risen more than $2.5 per barrel in the past 48 hours on a duo of bullish news.
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January of this year, Philadelphia Energy Solutions, LLC (PES), the owner of the largest U.S. East Coast oil-refining complex, announced to its employees plans to file for chapter 11 bankruptcy. This comes six years after private equity firm Carlyle Group LP (CG. O) and Energy Transfer Partners LP’s Sunoco Inc, rescued the company by supplying […]
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