diesel

Some data had been suggesting a decline was likely but the survey showed a small upward movement.

Pandemic-driven factors in 2020 had impacts that are not likely to be repeated

Record trucking volumes along with shrinking refinery production could make fuel prices an overlooked threat to carrier margins and shipping costs into 2021.

Beset by poor margins, refiners have announced closures and are expecting a lot more in the not-too-distant future

Drop in stocks relative to demand was the biggest ever in the latest report; demand figures finally seem to be reflecting strong trucking market

Diesel market continues to trend lower after upward movement earlier in the week

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Driven by tax breaks, production is rising of the fuel that is a one-to-one substitute for conventional diesel.

Whenever there’s a transaction in the supply chain, there’s an invoice. And a lot of those invoices get processed by US Bank, which has long had a large amount of business in the trucking sector. The bank puts together a quarterly summary known as the U.S. Bank’s Freight Payment Index, and it’s a good barometer […]

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The U.S. has plenty of diesel in inventory, and jet demand is not likely to snap back until next year, according to Energy Aspects.

Also on this week’s show: the tremendous rise in diesel inventories.

Bulkloads.com has rolled out the first phase of a planned TMS system to ease document transfer during the COVID-19 pandemic. Plus, ports see container declines, diesel prices fall again and Ikea looking at buying malls.

Learn more at SONAR.FreightWaves.com

The numbers are in – earnings for the quarter have been reported by all the trucking and other freight-related companies for the three months that ended March 31. And what a quarter it was, finishing up in the middle of a radically changed scenario that nobody could have ever modeled for.  On this week’s Drilling […]

Refiners made lots of it and now U.S. inventories are historically high

After enormous drops, the data is pointing green.

On this week’s Drilling Deep, host John Kingston heard from Jack Rybicki, a managing principal at the accounting and consulting firm CLA.  Jack has been steering many clients through the process of trying to get money from the federal government under the CARES Act — in particular, the Payroll Protection Program that will allow employees […]