WTI
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Finance
Oilfield service trucking carriers crushed by evolving demand
Halliburton, Schlumberger Limited, and Basic Energy Services have seen their stock prices decimated by weak demand and a fierce price…
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Company earnings
Chevron posts earnings beat on aggressive expansion in Permian Basin
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
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Economics
The Permian Basin’s demand for crude oil tanker trucks could quadruple in Q2
Lower WTI prices mean slower pipeline construction and more pressure on crude-by-truck.
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Canada
Today’s Pickup: a Supreme Court verdict that could shrink margins of Uber and Lyft
Gig economy companies contend with Supreme Court ruling that mandates full time workers to be considered as employees and not…
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News
Fracking jobs peaked in June; so did flatbed rates
Spot flatbed lanes in the oil field are more volatile and priced at a premium to national averages. They’re closely…
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News
Today’s Pickup: carriers position drivers closer to home
Crude oil crashes; FedEx slashes profit forecasts; Musk unveils Boring Company’s first tunnel; container and petroleum exporters fight at Port…
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News
Today’s Pickup: DHL is turning to AI-enabled robots to improve warehouse efficiency
DHL’s advent into warehouse automation; India struggles with air pollution as coal consumption increases; WTI rates in danger of falling…
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Chart of the Week
Oil price drops rapidly, but this is not a good thing for truckers
The benchmark price of domestic crude oil has dropped by 25% since early October. Historically, that would be a great…
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Economics
Crude oil prices rally to a four year high
Brent and WTI prices have reached 4 year highs, and the Brent-WTI spread continues to favor American oil exports on…
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Chart of the Week
Wall Street traders panic. SONAR data shows why they are wrong.
Wall Street is in a panic over fears that the truckload sector has peaked. Wall Street is wrong. We break…
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