Diesel fuel

Kayla Matthews writes about the changes coming to the shipping and logistics industry as IMO 2020 takes effect in less than six weeks.

Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.

With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don’t tell that to California where the good can be the enemy of the great.

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U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.

Diesel consumption in California fell in the beginning of 2019, led some to believe that there was a sudden transition to other fuel sources.

A look at where fuel prices stand for the week.