Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
FreightWaves has found a correlation between freight rates and diesel prices that aren’t necessarily beneficial to drivers.
Levy is kept modest as report warns high rate would lead to diversions.
Directive follows unsuccessful legislative efforts to pass cap-and-trade bill
Tanker rates are back in the stratosphere as the Saudis move ahead with production push.
Ship scrubbers no longer equate to big savings on fuel costs. Is this only temporary?
Deliveries of contracted freight with actual trucks will be the focus of the three-year partnership.
Saudi Arabia’s actions have sent markets plunging on top of earlier declines.
OPEC recommended steep cuts and a Russian-led group balked.
By providing leases that include hydrogen and maintenance for its fuel cell electric trucks for seven years, Nikola projects it will generate $3 billion in revenue by 2024.
Green delivery vehicle arms race heats up
Matthew Taylor of Shintan Inc. was ordered by the U.S. Department of Justice to pay back $7.5 million in illicit tax credits obtained from the IRS.
After shunning public ownership, fuel cell truck startup Nikola watched as the WeWork debacle made private fundraising harder. Its merger with VectoIQ brings in about $700 million to help pay to build Nikola’s Class 8 truck plant and the beginning of a hydrogen fuel station network.
New features help customers adapt and streamline operations when electrifying their fleets
Details are skimpy at this point, but a lot more refiners are going to need to account for ethanol somehow in their operations.
The estimated range of increased prices is wide, but at $80-$100 per barrel, it’s a lot higher than current levels.
Diesel fell far more than the price of crude oil; trucking stocks mostly fell less than S&P 500.
Diesel-electric hybrids get less attention than pure electric Class 8 trucks, but niche leader Hyliion Inc. is selling them to Penske Truck Leasing with partner Dana Inc.’s Spicer Electrified components.
Ending the coronavirus worries won’t be enough for out-of-balance markets, according to Energy Aspects.
Key forecast sees the coronavirus as having a big impact on demand in the first quarter.
Jim Blaze writes about the transportation of hazardous materials by rail. Accidents have occurred, and the railroads need to continue to work to decrease their number. However, rail is the safest way to transport hazardous materials.
