Strong demand for diesel leads to high prices and tight inventories going into winter
Class 8 truck orders remained strong in October, but lower profits at truckload companies may cool bookings.
Outbound demand in Fort Worth, Texas, is up for the second week in a row, and diesel prices have stopped increasing but show no sign of which direction they will go next.
Atoke, a town of 3,000 people nestled in the Choctaw reservation in southeast Oklahoma, used to be home to herds of buffalo and bison (there is in fact a difference). Now this reservation, a hidden 11,000-square-mile parcel of land, has become one of the largest drone delivery testing sites in the world, according to FreightWaves’ Jack Daleo.
Driver training schools are seeing an influx of those interested in joining the trucking industry.
FreightTech 100 nominations end soon It’s the second most wonderful time of the year behind college football returning. If you or someone you know is innovating or disrupting the freight industry, the nominations for the annual FreightWaves FreightTech 100 are ending on Friday. To submit a nomination, use the link here. An external peer group […]
The Energy Information Administration is still dealing with technical issues and won’t be releasing — but will be gathering — its weekly benchmark diesel price.
Weekly NTI Update
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Oil prices fell hard on Friday, but longer term, a key oil forecasting agency sees structural issues that are boosting diesel prices.
