The U.S. average retail price of diesel rose 0.7 cent to $2.572 a gallon as the stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said.
February 21, 2017Business, Fuel
Diesel Inches Up 0.7¢ to $2.572 a Gallon
Business, Fuel
Crude Oil Could Plunge to as Low as $30 a Barrel
Crude prices could plunge toward $30 a barrel — a rout of about 40% from current levels — unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.
February 21, 2017Business, Government, Safety, Logistics, Fuel
XPO’s Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. — XPO Logistics Inc. CEO Brad Jacobs won’t rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he’ll “double down” on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017Business, Fuel
Shale Drilling on a Roll as OPEC Cuts Keep Oil Above $50
Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as explorers take advantage of prices above $50 for more than two months.
February 17, 2017Government, Business, Safety, Logistics, Fuel
Underinvestment in Freight Infrastructure Will Hurt Economy, Schneider CEO Says
WASHINGTON — The country's freight transportation network must be modernized and expanded to handle the projected increase in freight volume, Schneider International Inc.'s top executive told a Senate panel Feb. 15.
February 15, 2017Government, Fuel, Business
Red States Alaska, Oklahoma Seriously Mulling Fuel-Tax Hikes
Oklahoma and Alaska are about as red as states can be. Oklahoma has only elected Republicans to the Senate going back to 1994. Republican Don Young has been Alaska’s only congressman since 1973. However, both states are considering raising fuel-tax rates for the first time since the 1980s.
February 14, 2017Business, Fuel
Diesel Rises 0.7¢ to $2.565
The U.S. average retail price of diesel rose 0.7 cent to $2.565 a gallon as crude oil prices remained near $53 a barrel and OPEC made production cuts while U.S. output continued to rise, analysts said.
February 13, 2017Business, Fuel
Nikola Motor Hires Jonathan Spira as Chief Financial Officer
Nikola Motor Co., the startup planning on building electric heavy-duty trucks, has hired Jonathan Spira as chief financial officer as it initiates its next round of funding.
February 13, 2017Perspective, Business, Government, Safety, Autonomous, Fuel
Opinion: Truck Parking Is Quiet Crisis Facing Industry
Each night, thousands of truck drivers across the country find themselves in a horrible game of “musical chairs” — searching for parking spaces to take their mandated 10-hour rest period. This occurs because of a major shortage for truck parking, which has not kept up with the volume and growth of trucks traveling across our country each day.
February 13, 2017Fuel
California Moves Ahead With Its Own GHG Rule
California is proceeding with its Phase 2 greenhouse-gas emissions rule for trucks — designed to be “harmonized” with the similar fed-eral rule released last year — no matter the fate of the U.S. regulation.
February 13, 2017