Fuel News

ULSD rises slightly, semiconductor shortage could get worse and more 3PLs suspend shipments to and from Russia.

Carriers must pay fuel taxes to states they travel through, but the process can be complicated and time-consuming due to the various jurisdictions. Even a simple filing mistake can trigger an IFTA audit and bring unwanted scrutiny upon the carrier.

A FreightWaves roundup of oil markets and other supply chain news related to the Russian invasion of Ukraine.

It’s a race: Will rates and surcharges keep up with rapidly rising price of diesel?

The benchmark diesel price is at its highest level in almost nine years to the day.

FreightWaves is covering the logistics-related fallout from Russia’s invasion of Ukraine from the air to the ground to the sea.

With fuel levies generously padding the carriers’ top lines, shippers shouldn’t expect relief anytime soon.

There’s a lot of bad information out there about the state of the oil market.

There are no reports of petroleum export disruptions out of Russian ports.

The seven-week run of increases has taken the benchmark up more than 44 cents.

“Partnering with Bunker Holding will accelerate the marine industry adoption of biodiesel to achieve aggressive carbon reduction goals,” said Bob Kenyon, senior vice president of sales and marketing at REG.

WoodMac’s Shattuck: The U.S. oil and gas industry is embracing a low-carbon future and looking for a way to get to net zero.

Also on the podcast: The torrid pace of diesel consumption.

Green ammonia production emits no carbon dioxide, but it has major safety, cost and scaling hurdles to overcome.

Analysts are arguing whether the price boost coming out of the Ukraine-Russia tensions are the main driver in the market

Engine manufacturer Cummins eyes pledge to lower CO2 emissions by reworking its engine families to run on natural gas, hydrogen or diesel.

Also on the podcast: the global slowdown in oil refining.

“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.

“This deal is a great opportunity to accelerate our joint sustainability efforts. SAF has a lot of potential to reduce CO2 emissions,” said Adriaan den Heijer, executive vice president at AFKLM Cargo and managing director at Martinair.

This may not matter, but on an inflation-adjusted basis, the current price is still well below the “highest price since” of May 2014.