Overall, there will be lower rail volume levels continuing into the first quarter of 2021.
Brent and WTI refer to indexes that measure the price of oil
It’s hard to see a structural recovery in natty gas prices.
Halliburton, Schlumberger Limited, and Basic Energy Services have seen their stock prices decimated by weak demand and a fierce price war.
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
Lower WTI prices mean slower pipeline construction and more pressure on crude-by-truck.
Gig economy companies contend with Supreme Court ruling that mandates full time workers to be considered as employees and not contractors; oil supply reduces after Saudi Arabia’s drastic production cut; government shutdown strains supply chains across the country.
Spot flatbed lanes in the oil field are more volatile and priced at a premium to national averages. They’re closely correlated to fracking activity in the Permian Basin, which is why we keep a close eye on oil prices and production.
Crude oil crashes; FedEx slashes profit forecasts; Musk unveils Boring Company’s first tunnel; container and petroleum exporters fight at Port of Houston; Fed expected to make a ‘dovish hike’ today.
DHL’s advent into warehouse automation; India struggles with air pollution as coal consumption increases; WTI rates in danger of falling further.
