Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
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What’s it like to have a totally antiquated supply chain management process and build a new one from the ground up? Karon Evanoff tells her story.
The benchmark diesel price used for fuel surcharges has been delayed and won’t be released this week but will be effective June 20.
The trucking lobby is pushing back on Biden’s call for a gas tax holiday, advocating instead for energy independence.
Oil prices fell hard on Friday, but longer term, a key oil forecasting agency sees structural issues that are boosting diesel prices.
On this week’s Drilling Deep podcast, host John Kingston talks with colleague Henry Byers about the data that shows a coming collapse in ocean freight movements.
It’s a complex chain from crude to the price of diesel at the pump. Fuels expert Gary Bevers reviews some of the factors that go into the process.
As diesel and gasoline prices climb faster than the price of crude, a drop in U.S. refining capacity is seen as a key factor in the explosion in diesel levels.
A new methodology implemented by the DOE to determine its weekly retail diesel price yielded a relatively small increase in the benchmark number.
FreightWaves SONAR data can be indispensable, particularly in this environment.
At a key supply chain forum, executives from FourKites sit down and talk about visibility and the need to meet increasing customer demands.
The benchmark DOE/EIA diesel price, used for fuel surcharges, has reached an all-time record with the latest weekly increase.
Diesel had a strong week in futures and spot markets, but the tight East Coast market is sending out conflicting signals.
It’s another entry point into the business: being a dispatcher. Laura Weston joins Drilling Deep to talk about that route.
The benchmark diesel price for fuel surcharges declined for the third week in a row, while other signs point to easing of East Coast squeeze.
Hard to abate sectors such as long-haul trucking are considering clean hydrogen to decarbonize.
Pitt Ohio’s Geoffrey Muessig says there are steps shippers can take to create a stronger and more profitable relationship with their LTL carriers.
Tax collections are halted until at least July 14. The state’s supply chain emergency edict remains in effect.
Inventories of ultra low sulfur diesel on the East Coast moved down again after last week’s increase, but other statistics may promise relief to some buyers.
The national average benchmark diesel price was down, but the East Coast price was down by a smaller amount.
The Small Fleet & Owner-Operator Summit takes place on June 15, 2022.
Outright diesel prices in the spot and futures markets are declining, and there are other market indicators suggesting possible relief for the East Coast market.
The key price used for diesel fuel surcharges declined, but the signals on the East Coast diesel squeeze remain.
As diesel prices spike and spot rates plunge, independent drivers wonder what their next move should be.
FMCSA has added three fuels to its list of energy products that can be transported beyond normal HOS rules, but will the larger rule be extended soon?
Spencer Tenney speaks on the state of merger and acquisitions in trucking and freight brokerage; host John Kingston addresses East Coast diesel.
Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.
FreightWaves founder and CEO Craig Fuller analyzes the continuing decrease in truckload rates for dry van loads.
The International Energy Agency’s closely watched monthly report does not see any significant relief for the current tight global oil market, particularly diesel.
Diesel inventories on the East Coast are at record lows. Truckers are spooked by the vanishing stocks and soaring rates.
East Coast diesel inventories are down more than 50% from January, but some signals suggest an easing may be in sight.
The tight diesel market on the East Coast has lifted retail prices in that region far above the rest of the country.
FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.
With first-quarter earnings pretty much all in the book, Todd Fowler of KeyBank discusses how trucking performed in a strong quarter.
Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.
The East Coast diesel market is getting tighter. Prices are rising, particularly for buyers demanding fuel for the fastest delivery time.
The benchmark DOE/EIA retail diesel price is at its all-time high after an almost 35-cent increase in the number since last week.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
The trucking industry is looking to pull young people into the industry through a new group. FreightWaves talks to the organization’s president.
Diesel has been climbing at a rate far greater than that of gasoline or crude, and a well-known economist offers reasons why that is likely to continue.
Diesel futures on the CME commodity exchange soared Monday even as crude prices fell, suggesting that the market is headed into a significant squeeze.
Freight brokers, just like the truck drivers they serve, are in hot demand. A recruiter in the business discusses why. Also: diesel breaks another record.
Join FreightWaves for the Net-Zero Carbon Summit on April 22.
Plug Power entered an agreement to provide Walmart lift trucks with up to 20 tons of green hydrogen per day.
The retail diesel benchmark price published by the Department of Energy rose less than 3 cents a gallon even as futures prices tacked on more than 60 cents a gallon over the past four trading days.
The acquisition market for truck freight brokerages is hot these days. A banker involved in such deals joins host John Kingston on the podcast. Also: why the diesel market is helping to drive oil prices higher.
Rising costs prompt Amazon to impose its first-ever fuel and inflation surcharge on sellers.
Diesel futures prices soared as a weekly report of the Energy Information Administration showed tight inventories for both diesel and jet fuel, but also signs of softening diesel demand.
During FreightWaves’ Enterprise Fleet Summit, experts discussed how fleets can adapt to rapidly changing fuel prices.
The diesel market is softening under a potential decline in Chinese demand and signs of Russian oil getting into the market.
Fuel supplier Pilot Company raised $1 million for Save the Children’s efforts in Ukraine through round-up donations at travel centers and restaurants.
UPS’ surcharges close in on rival FedEx’s levies.
How did truck drivers do in 2021? Their tax returns tell the story. And how jet fuel is impacting the price of diesel.
The partnership marks a “pivotal step” toward making green e-methanol more accessible and commercially viable for the maritime industry.
FreightWaves Founder and CEO Craig Fuller analyzes the current costs of trucking.
The jet fuel market is at record-breaking levels, and that can have a spillover impact on diesel prices.
Bob Bortner of IMI dives into the most effective fuel-saving strategies when combating exorbitant fuel prices.
The big drop in futures prices shows that the demand side of the equation still matters.
Also on the podcast: diesel is kicking crude’s butt.
The lag in retail prices led to the biggest drop in the DOE number in seven years, but the futures price is surging.
“With every SAF deal, we are increasingly aware of the huge task that lies ahead in utilizing more sustainable solutions to help our customers,” said John Pearson, CEO of DHL Express.
As fuel prices rise, the ability of last-mile delivery firms to either absorb those costs or pass them along to customers could be key to their survival.
Host John Kingston also discusses why retail diesel prices haven’t plummeted with the fall in futures prices.
Spreads between retail and wholesale prices have been at a record low and a record high in just one week.
Estimates are for increases in supply of several hundred percent, raising the question of whether there are enough raw materials to reach those renewable diesel goals.
New one-week lag time, down from two weeks, matches FedEx’s surcharge sequence.
The benchmark price moved up even as commodity diesel prices are headed sharply lower.
From a lack of labor to concerns over long-term value, there are hurdles to the U.S. industry ramping up output.
The six companies plan to produce at least 730,000 metric tons of green methanol by the end of 2025.
A Kansas truck stop less than 2 years old already is recognized as one of the best in the country.
Spiking fuel levies are expected to put more pressure on shippers to either eat higher costs or pass them on to end customers.
The energy secretary aims her comments at investors, saying they need to support more output.
“The solution to the nation’s port congestion problem is right here in this room,” CEO Eric Green said during his State of the Port address.
The cost curve is pointing downward in the production of green hydrogen, according to the head of a company that builds fuel cells.
Amos Hochstein is a longtime oil expert within the State Department.
At CERAWeek, CEO Ryan Lance says energy security hasn’t been managed well, and the economy is dealing with the fallout from that.
FreightWaves Founder and CEO Craig Fuller writes about the impact of the Russia-Ukraine conflict on the U.S. freight system
Heavy industry and transportation are cited by one speaker as the best route to provide momentum for hydrogen adoption.
The commodity price of diesel went on a wild ride, up by a huge amount late Sunday before falling back.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
A major U.S. retailer publishes its numbers, and on average they’re up more than 35 cents in two days.
Brian Thompson shares how SMC3 gets employees ready to take on the market.
ULSD rises slightly, semiconductor shortage could get worse and more 3PLs suspend shipments to and from Russia.
Carriers must pay fuel taxes to states they travel through, but the process can be complicated and time-consuming due to the various jurisdictions. Even a simple filing mistake can trigger an IFTA audit and bring unwanted scrutiny upon the carrier.
A FreightWaves roundup of oil markets and other supply chain news related to the Russian invasion of Ukraine.
It’s a race: Will rates and surcharges keep up with rapidly rising price of diesel?
The benchmark diesel price is at its highest level in almost nine years to the day.
FreightWaves is covering the logistics-related fallout from Russia’s invasion of Ukraine from the air to the ground to the sea.
With fuel levies generously padding the carriers’ top lines, shippers shouldn’t expect relief anytime soon.
There’s a lot of bad information out there about the state of the oil market.
There are no reports of petroleum export disruptions out of Russian ports.
The seven-week run of increases has taken the benchmark up more than 44 cents.
“Partnering with Bunker Holding will accelerate the marine industry adoption of biodiesel to achieve aggressive carbon reduction goals,” said Bob Kenyon, senior vice president of sales and marketing at REG.
WoodMac’s Shattuck: The U.S. oil and gas industry is embracing a low-carbon future and looking for a way to get to net zero.
Also on the podcast: The torrid pace of diesel consumption.
Green ammonia production emits no carbon dioxide, but it has major safety, cost and scaling hurdles to overcome.
Analysts are arguing whether the price boost coming out of the Ukraine-Russia tensions are the main driver in the market
Engine manufacturer Cummins eyes pledge to lower CO2 emissions by reworking its engine families to run on natural gas, hydrogen or diesel.
Also on the podcast: the global slowdown in oil refining.
“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.
“This deal is a great opportunity to accelerate our joint sustainability efforts. SAF has a lot of potential to reduce CO2 emissions,” said Adriaan den Heijer, executive vice president at AFKLM Cargo and managing director at Martinair.
