Hydrogen’s newsy week skips over underlying challenges
Positive developments in the hydrogen space glossed over some tough underlying issues like sky-high hydrogen prices.
Positive developments in the hydrogen space glossed over some tough underlying issues like sky-high hydrogen prices.
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Weekly NTI Update
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Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday.
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SONAR ocean container booking data suggests that the predicted freight rebound in the second half of 2023 may be increasingly unlikely. Import and ocean container booking data is typically used as a leading indicator for future truckload volumes, as containers are offloaded in ports and transferred into intermodal or truckload orders.
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Persistently higher inventory levels are causing a drag on truckload tender volumes as 2023 begins. 2019 and 2018 SONAR data indicates we may approach levels of pre-pandemic seasonality, but higher truckload capacity will continue to negatively impact rates until enough truckload supply leaves the market.
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The truckload spot market has fallen apart over the past two months. Larger fleets are in far better shape for weathering the storm.
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During FreightWaves’ Enterprise Fleet Summit, experts discussed how fleets can adapt to rapidly changing fuel prices.
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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.
While the early days of fuel surcharges were straightforward to calculate – although wholly unfair to shippers in many cases – that is no longer true. Many carriers struggle with explaining their fuel surcharge program to shippers, and more importantly, struggle with the budgeting aspect of a program that is historical in nature.
FreightWaves Founder and CEO Craig Fuller writes about the impact of the Russia-Ukraine conflict on the U.S. freight system
Finnair is a microcosm of the pressures on air cargo and airlines because of the airspace restrictions over Russia.
Protecting freedom in Ukraine will require economic sacrifice by many. Air cargo is already feeling the pinch.
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The conflict is 8,000 miles away from North America but supply chains are global, which means any disruption around the world is a threat to their well-being. As the impact of COVID diminishes, a new geopolitical threat arises.
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EIA expects gasoline and diesel prices to fall in 2022
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Fuel levies hit two weeks before other surcharges and eight days after 2022 rate increases.
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While times of uncertainty like these can be troubling, what goes up must come down – or at least level off. The price of diesel fuel is projected to lower to a national average of $3.09 in middle and latter parts of the coming year, offering a sigh of relief for trucking.
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Buying a high-MPG vehicle saves you money at the pump – and there’s less carbon pollution too!
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Don Thibodeaux from FuelHub discusses how automating fuel-buying processes can save money.
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Iron Truck Services aims to give smaller fleets affordable access to services such as insurance, equipment maintenance, fuel purchasing, truck sales and rentals.
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Why Are Diesel Fuel Prices Higher Than Gasoline Prices?
What Are We Paying For? Gasoline Price Breakdown.
FreightWaves’ John Kingston outlines how the rising price of crude flows through to cargo shippers and how it changes the trucking-versus-rail equation.