Drilling Deep: Trucking market ‘on fire’; diesel market barely notices Laura

Amit Mehrotra, the chief transportation analyst at Deutsche Bank, was on numerous analyst calls during the recently completed earnings season. He heard CEOs repeatedly report the same scenario: April was terrible, May was better, and the improvement continued into June and July.

But now Mehrotra says he is hearing that the trucking market is “on fire.” He joins host John Kingston on Drilling Deep to discuss his take on the quarter, as well as the somewhat confrontational discussion he had with XPO on its earnings call.

Also on this week’s edition, Kingston talks about why the diesel market reaction to Hurricane Laura is so restrained and so different from what has gone before. But what if this massive storm really does a lot of damage? Can the diesel market handle that?

That’s all on this week’s Drilling Deep.

More articles by John Kingston

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.