The Department of Energy, for example, is no longer supplying its weekly national fuel index.
Many trucking companies base their fuel invoices on the Energy Department’s diesel fuel index.
“The lack of a DOE index is a major problem because many of these carriers have contractual agreements with their clients requiring them to use the DOE’s index to determine fuel costs,” Breakthrough Fuel Chief Executive Officer Craig Dickman said in a news release. “Without it, they can’t bill for their services, which will hurt many companies that may not have the cash reserves to wait for payment.”
Breakthrough®Fuel says it will provide carriers and shippers with a national retail diesel fuel cost average in lieu of the DOE fuel index. The fuel index can be found here and will be published every Monday at 5 p.m. EST.
The energy advisory firm says its retail average is generated from thousands of locations compared to 400 locations nationwide in the DOE index.
Quip of the day. Thomas Winkowski, acting commissioner of U.S. Customs and Border Protection, spoke last month in Washington at the National Customs Brokers and Forwarders Association of America’s Government Affairs Conference. After taking the podium, he observed that introductions for speakers get longer the older one gets.
And people can figure out how old you are when someone reads the biography back to 1975, he said.
Winkowski has worked at U.S. Customs for nearly four decades.
“It really came home to me one day when my assistant came in and said you need to go to Chicago and speak to the Customs Leadership Institute,” he said.
The CLI is a group of future CBP leaders taking a management program at the University of Chicago.
“As I was getting prepared for it, they said it was a fireside chat. That’s when you know you’re really getting old. Sitting down to a fireplace like FDR.
“I brought my button-down sweater,” he said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now