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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Airlines have suffered mightily from the loss of passenger traffic as a result of the pandemic. But there also has been a demand for their services to move freight, including […]
Comparisons to other recent declines show a much slower slide at the pump.
After enormous drops, the data is pointing green.
Our host John Kingston also discusses the diesel market.
For ULSD, it’s the biggest “peacetime” decline ever.
By the end, owners of crude had to pay buyers to take it off their hands.
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 […]
Although the space is needed, the economics don’t appear to work.
ACT Expo producer talks tailwinds and headwinds facing alternative fuel vehicle programs in the wake of coronavirus pandemic
The deal runs through 2022 so plenty of time to judge its impact.
Reduction would be record-breaking but isn’t likely to be adequate to stabilize markets.
Host John Kingston also looks at the signs of a big drop in diesel demand.
The three countries to keep an eye on: U.S., Saudi Arabia and Russia.
On this week’s Drilling Deep podcast, host John Kingston welcomes Mike Baudensitel of FreightWaves to discuss whether the nation’s rail and intermodal sectors are getting any sort of lift from […]
Propane proponents have longed for larger market share, and the new push for even lower-emission engines may be opening that door.
Plan was to buy crude oil for Strategic Petroleum Reserve.
Toyota and Hino, its heavy truck subsidiary, are offering few details on an Asian heavy-duty truck fuel cell program that complements Toyota’s Oceans 10 project with Kenworth Truck Co. in the U.S.
Store managers will get bonuses early and regardless of performance.
It’s shut down businesses and thrown planning into turmoil. No, it’s not COVID-19. It’s the rising insurance rates that trucking companies have been facing over the last few years. The […]
Halt of cruise voyages will slash HFO demand, a positive for cargo ships with scrubbers.
Exemption needed to protect against COVID-19-related fuel shortages, groups assert.
Lev Aslan Dermen was convicted on multiple charges involving business connections to brothers Jacob and Isaiah Kingston, who were convicted in 2018 for their role in a massive biodiesel tax scheme.
For fleets that run throughout the day and need high utilization, hydrogen fuel cells offer great value for investment, while also creating zero emissions.
‘Non-exhaust’ emissions garner attention as major source of air pollution
Plus: Amazon VP of delivery experience departs; Western Star teases new vocational truck
FreightWaves has found a correlation between freight rates and diesel prices that aren’t necessarily beneficial to drivers.
Levy is kept modest as report warns high rate would lead to diversions.
Directive follows unsuccessful legislative efforts to pass cap-and-trade bill
Tanker rates are back in the stratosphere as the Saudis move ahead with production push.
Ship scrubbers no longer equate to big savings on fuel costs. Is this only temporary?
Deliveries of contracted freight with actual trucks will be the focus of the three-year partnership.
Saudi Arabia’s actions have sent markets plunging on top of earlier declines.
OPEC recommended steep cuts and a Russian-led group balked.
By providing leases that include hydrogen and maintenance for its fuel cell electric trucks for seven years, Nikola projects it will generate $3 billion in revenue by 2024.
Green delivery vehicle arms race heats up
Matthew Taylor of Shintan Inc. was ordered by the U.S. Department of Justice to pay back $7.5 million in illicit tax credits obtained from the IRS.
After shunning public ownership, fuel cell truck startup Nikola watched as the WeWork debacle made private fundraising harder. Its merger with VectoIQ brings in about $700 million to help pay to build Nikola’s Class 8 truck plant and the beginning of a hydrogen fuel station network.
New features help customers adapt and streamline operations when electrifying their fleets
Details are skimpy at this point, but a lot more refiners are going to need to account for ethanol somehow in their operations.
The estimated range of increased prices is wide, but at $80-$100 per barrel, it’s a lot higher than current levels.
Diesel fell far more than the price of crude oil; trucking stocks mostly fell less than S&P 500.
Diesel-electric hybrids get less attention than pure electric Class 8 trucks, but niche leader Hyliion Inc. is selling them to Penske Truck Leasing with partner Dana Inc.’s Spicer Electrified components.
Ending the coronavirus worries won’t be enough for out-of-balance markets, according to Energy Aspects.
Key forecast sees the coronavirus as having a big impact on demand in the first quarter.
Jim Blaze writes about the transportation of hazardous materials by rail. Accidents have occurred, and the railroads need to continue to work to decrease their number. However, rail is the safest way to transport hazardous materials.
Host John Kingston talks about predictive wholesale diesel prices with Scott Susich of DTN.
Guest columnist Sri Laxmana writes about the impacts of IMO 2020.
Problems continued into the afternoon for customers of WEX fuel cards, including its EFS and FleetOne cardholders, as a system outage rendered cards useless at fuel pumps.
Truck drivers using EFS fuel cards have been unable to fuel their vehicles as a systems outage has shut down the cards, according to multiple reports.
Economist Noel Perry joins the podcast as a guest this week.
The message is now pretty clear: that the rule hasn’t hit markets yet doesn’t mean much.
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 […]
Substantial point-of-sale incentives are available through a new voucher program funded by cap-and-trade fees.
Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along…
Head of giant independent refiner not surprised by lack of movement this early in the regulation.
A proposed sustainable fuel mandate in Washington state highlights a divide in the transportation industry over regulations aimed at reducing carbon emissions.
It’s a bold plan and FreightWaves’ Mark Solomon has plenty of experience covering XPO to give us a unique perspective.
It’s the same story for carriers and shippers: up like a rocket and down like a feather
Singapore surge is “trigger” for Maersk to add fuel new surcharge.
Plus, a subdued CES 2020 and Ralph Nader disses Tesla.
Seeing expansion of the truck stop business as finite, Pilot Flying J is rapidly expanding its energy business. Reflecting that is a name change to the Pilot Company, an homage to the single gas station founder Jim Haslam purchased in 1958.
Jet fuel demand could be impacted by a drop in air travel, which would work to push down diesel prices.
Rob Moseley is an attorney at Moseley Marciniak in South Carolina. He’s defends trucking companies in the courtroom, and he’s watched as verdicts against trucking companies have been soaring. Is […]
Companies cite permitting issues, but the market for the product remains hot on environmental regulations.
We gear up into this frigid week with a wild ride of headlines and industry updates. First, some bad news: a fatal shooting at a family-owned trucking company in San […]
FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.
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.
(Updated with comments from Love’s spokeswoman on size of growth in 2019). Love’s Travel Stops’ growth plans this year are in line to slightly more aggressive than those of 2019 […]
A new book places IMO 2020 in the context of a potential “third revolution” for shipping.
What does it mean to be “energy independent?” The President of the United States thinks the country is there now. On this week’s Drilling Deep podcast, host John Kingston talks […]
There’s one pairing of numbers that indicate the U.S. is energy independent. But beneath those numbers, it gets a lot less clear.
Moreno Valley ignored environmental regulations when it greenlighted construction of the World Logistics Center, one of the largest complexes in the country.
Amazon has enabled customers to pay digitally at gas stations via Alexa, which can confirm the station location and pump number and activate the pump for drawing fuel.
The principles of Environmental/Social/Governance are going to be a factor in the future, according to Morgan Stanley
There are plenty of individual interests likely to want enforcement of IMO 2020. But is the market incentivizing noncompliance?
The “New Year’s Eve surprise” may have been a first step toward getting the California trucking industry out from under the AB5 legislation that will have serious consequences for the […]
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.
The study looked at 85 different technologies that can help drive fuel efficiency.
Benchmark crude oil prices were up roughly 4% overnight and into Friday on international markets in reaction to the U.S. airstrike that killed Qasem Soleimani, the leader of the Iranian […]
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 squeeze on capex is likely to be a determining factor on the oil patch activity levels next year.
Ben Thrower writes about recent changes in Mexico’s oil policies and how they may harm the country.
This analysis was distributed earlier this week as a Deep Dive offering to subscribers of FreightWaves’ SONAR market dashboard. The author is SONAR’s market expert on oil. If you think […]
Drilling Deep podcast host John Kingston joins with his colleague FreightWaves Finance Editor Todd Maiden to discuss how the trucking industry did on Wall Street during this past year. What […]
An early Christmas gift for the electric truck maker marks the company’s fourth investment announcement this year.
The price of hydrogen has a long way to fall to be competitive with diesel. Knowing where the price stands is a first step.
A recent big corporate writedown in the oil and gas sector was a big deal. But in this week’s Drilling Deep podcast, host John Kingston discusses that maybe it isn’t […]
New independent research reveals that lines are failing to adequately explain how IMO 2020 fuel bill surcharges are calculated.
The biodiesel blender credit reinstated by Congress Dec. 17 is a $3 billion a year boost to a less-polluting diesel fuel.
Sales mandates are gaining popularity in the world’s two largest electric vehicle markets.
Biodiesel blending is on the ropes awaiting congressional action on reinstating a tax credit.
The industry has become incredibly successful at producing lots of natural gas. That was a problem for Chevron.
Health, labor and environmental groups had urged the California Air Resources Board to pass “the most aggressive medium- and heavy-duty truck standard possible.”
A recent report by JPMorgan Chase sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained and hint at a market […]
Shipyards are facing a scrubber stampede as container lines seek to sidestep paying for low-sulfur IMO 2020 bunkers beginning on Jan. 1.
There’s still a lot that needs to happen, and Chris Midgley sees that as having potential impact on the diesel market.
Host John Kingston gives his take on last week’s OPEC meeting, the fact that we haven’t seen IMO 2020 yet in diesel prices and chats up Dave Osiecki about what’s to come in 2020.
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.
