The Energy Information Administration said domestic output of crude oil will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected last month, according to the agency’s monthly Short-Term Energy Outlook released May 9.
May 9, 2017Business, Fuel
US Oil Output to Hit a Record in 2018
Business, Fuel
Diesel Prices Drop 1.8¢ to $2.565
The U.S. average retail price of diesel dropped 1.8 cents to $2.565 a gallon as oil prices remained below $50 a barrel for the third week amid questions about whether Saudi Arabia and Russia will cut oil production into 2018.
May 8, 2017Perspective, Business, Government, Safety, Autonomous, Logistics, Fuel
Opinion: Network Analysis Takes on More Importance
We keep seeing signs that things are looking up for the trucking industry. Most of the relevant economic indicators are favorable for trucking. Commodities are getting stronger, oil rig counts are increasing and the housing recovery is persisting. At the same time, small businesses are feeling a greater sense of optimism, and improvements to the tax code may boost entrepreneurialism. Low unemployment rates ultimately will lead to higher wages, giving consumers more money to spend and putting more goods on trucks.
May 8, 2017Business, Logistics, Government, Fuel
XPO Quarterly Results Soar, Bolstered by LTL, Last Mile
XPO Logistics Inc. earned a profit in the first quarter of the year for the first time since 2010, rocketing past analyst expectations on the strength of its linehaul, cross-dock and pickup-and-delivery operations.
May 8, 2017Fuel, Business, Logistics, Equipment
Manufacturers Want Trailer GHG Rule Included in Trump Campaign to Roll Back Regulations
The Truck Trailer Manufacturers Association has expanded its offensive against the part of the federal Phase 2 greenhouse gas rule that concerns trailers by asking the U.S. Environmental Protection Agency to consider a Trump administration executive order intended to prune burdensome regulations.
May 8, 2017Business, Fuel
World Buying American Diesel as Fast as Refiners Can Make It
The international market has a message for American refiners: Stay calm and keep turning crude into diesel.
May 4, 2017Fuel, Business, Government, Equipment
Oil Falls as US Crude Supply Glut Seen Shifting to Fuel Tanks
Oil fell to the lowest in more than a month as the U.S. crude glut is seen moving to brimming fuel tanks.Â
May 2, 2017Business, Fuel
Diesel Falls 1.2¢ to $2.583 a Gallon, Oil Holds
The U.S. average retail price of diesel dropped 1.2 cents to $2.583 a gallon as oil prices remained below $50 a barrel and U.S. rig counts pushed higher.Â
May 1, 2017Fuel
Looking Beyond Diesel to Fuels of Tomorrow
INDIANAPOLIS — Diesel fuel dominates the commercial truck world today and will continue to do so in the near future, but greenhouse gas regulations will force the industry to use it more efficiently and eventually could push fleets toward other, cleaner fuels, industry executives said here at the Green Truck Summit.
May 1, 2017Business, Fuel
Diesel Dips 0.2¢ to $2.595 a Gallon
The U.S. average retail price of diesel slipped 0.2 cent to $2.595 a gallon as oil prices dropped below $50 a gallon and U.S. rig counts continued to rise.
April 24, 2017