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 […]
Want more? SONAR users get exclusive access to the detailed breakdown and insights. Learn more at SONAR.FreightWaves.com!
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: factories in Mexico feeling effect from coronavirus; Mexico seeks solution to controversial fuel standard; traffic congestion costs the trucking industry $75 billion annually; and metal recycling firm to build new plant near U.S.-Mexico border.
Ending the coronavirus worries won’t be enough for out-of-balance markets, according to Energy Aspects.
Host John Kingston talks about predictive wholesale diesel prices with Scott Susich of DTN.
Diesel costs were supposed to make 2020 more difficult for struggling carriers, but wholesale fuel prices have fallen rapidly, which should help carriers in the slow season.
It was conventional wisdom, accepted by all – the price of diesel was going to rise, and IMO 2020 was the cause. One example of many, a report by the Fitch ratings agency, was published in August 2019. “Fuel switching due to IMO 2020 will drive a large and sudden shift in demand for diesel […]
Jet fuel demand could be impacted by a drop in air travel, which would work to push down diesel prices.
Companies cite permitting issues, but the market for the product remains hot on environmental regulations.
Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. Predicting where wholesale rack diesel prices will go has always been tricky. SONAR, FreightWaves’ forecasting platform introduces next day wholesale rack ULSD predictive prices.
The latest features in SONAR 5.0 make it the most future-focused version to date.
Diesel prices, like all commodities, are priced based in real-time based on the balance of supply and demand. Before we dive into how diesel prices are generated, we should discuss the two most important factors in what prices consumers will see at the pump: retail and wholesale.
Most big rigs in the U.S. have tanks that range in capacity from 120 gallons per tank up to 150 gallons and depending on the radius of operation, may have one tank for shorter hauls or two tanks for longer ones.
There were plenty of things that could have sent the market spinning higher, but the range for retail diesel prices was relatively narrow.
IMO2020 is an environmental rule effective January 1, 2020 that regulates how much sulfur a ship can give out in its exhaust.
The 2020 version of the Roaring Twenties will be drastically different for society and freight than the decade that kicked off in 1920. We take a look back at what life and freight were like in those days.
The electrification of commercial trucks is edging closer but the industry first must go through a “messy middle” that sorts out the future of diesel and other alternative fuels.
Energy markets appear to believe that capacity constraints will raise diesel prices next year.
The weekly average retail diesel price posted Monday by the Department of Energy (DOE) was in the top 20 biggest one-week increases in the history of the data series – and particularly steep compared to upward moves in the last seven years. The DOE/Energy Information Administration (EIA) price posted Monday was $3.081/gallon, up from $2.987/gallon, […]
Two big events hit trucking like a hammer this week. What are the long run implications?
Diesel consumption in California fell in the beginning of 2019, led some to believe that there was a sudden transition to other fuel sources.
Whether its a small renewable diesel plant or a big refinery expansion, growth is ongoing.
A look at where fuel prices stand for the week.
Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, while most of the U.S. was settling in for a weekend of high school, college and professional football, the world’s second largest oil producer was […]
Weekly Fuel Report for 8-27-19
Most forecasts have been conservative, but not this one.
The price of diesel fuel has an obvious impact on transportation providers costs, but it also can give insight into demand for their services.
The trucking apocalypse is upon us, and it has taken its latest victim. This time, it’s a 40-year-old carrier out of California. Timmerman Starlite Trucking Inc. of Ceres, California, announced it would be shutting down, placing 30 employees in the unemployment line effective immediately. Ceres is a suburb of Modesto, California, a mid-sized city 100 […]
Diesel prices jumped in the Midwest this month due to a significant tax increase. Small carriers will have to adjust to keep costs down and maintain business.
FreightWaves’ Freight Intel Group has released a new study of the impact of IMO 2020 on the U.S. trucking industries (and other industries). Read what may happen to diesel fuel prices.
Federal transport spending bill by Election Day? Forget it, former DOT secretary says
Your snapshot of what the markets are doing this week.
Your snapshot of what the markets are doing this week.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead. A recent report by Moody’s on the health of the frac sand industry has significant implications for the transportation sector that moves the material around. The report in general was extremely bearish on […]
According to this analysis, the breakeven price to produce oil in the shale is published five times a week.
California and Oregon are both adding to the price via the “LCFS.” Oregon’s law just survived a legal challenge.
IMO 2020 is will increase demand for distillates and put upward pressure on diesel. How should truckers prepare?
Your weekly fuel report has arrived.
Your weekly snapshot of how the markets are doing.
It’s time for your weekly fuel report. More information available exclusively for SONAR users.
Your weekly snapshot of how the markets are doing.
It’s time for your weekly fuel report. More information available exclusively for SONAR users.
A snapshot of what the markets are doing this week.
It’s time for your weekly fuel report. More information available exclusively for SONAR users.
A snapshot of what the markets are doing this week.
It’s time for your weekly fuel report. More information available exclusively for SONAR users.
Surcharge to add thousands of dollars to annual cost for long-haul truckers. But will it help improve fuel efficiency?
Your weekly fuel report has arrived. More information available exclusively for SONAR users.
Want more? SONAR users get exclusive access to the detailed breakdown and insights.
The IEA came out with some detailed numbers on what the impact of IMO2020 will be on diesel demand. But its estimate of non-compliance is a lot more than that of a panelist at CERAWeek.
Want more? SONAR users get exclusive access to the detailed breakdown and insights.
Truck stop-travel center operator returned to core business in q4, CEO said.
Senior U.S. District Judge Curtis L. Collier Jr. sentenced the final four women to be tried in the Pilot Flying J fraud case to probation and community service, the Knoxville News Sentinel reported.
The DOE fuel price keeps sliding as wholesale or rack prices are increasing. This can have a negative impact to carrier margins in early 2019 after receiving the benefit of expanding fuel spreads in late 2018. SONAR’s newest index can help you monitor this.
On today’s episode, Chad Prevost and Oil Market Expert, John Kingston, discuss what’s going on with diesel and oil right now.
The benchmark price of domestic crude oil has dropped by 25% since early October. Historically, that would be a great thing for truckers, but with carriers operating more efficient trucks and oil production tied into the freight economy more than ever, it could be a warning sign for the broader freight market.
FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.
FreightWaves CEO Craig Fuller, Chief Economist Ibrahiim Bayaan, and Senior Meteorologist Nick Austin discussed Hurricane Florence’s impact on freight, the general macroeconomic situation, and the upcoming IMO 2020 regulations on maritime fuel.
As late as last month, Maersk leadership insisted that scrubbers were not a solution for the new fuel regulations imposed by the International Maritime Organization beginning in 2020, but now they’ve admitted they will install scrubbers on some vessels.
Hurricane season brings an increased risk to transportation energy in the United States, both from a supply and price perspective.
The recent surge in U.S. oil drilling has helped keep gas and diesel prices depressed, despite oil production cuts by OPEC. This infographic provides a quick glimpse of what is happening in the sector.
