The number of shipping containers awaiting outside the adjacent ports of Los Angeles and Long Beach are closing in on 100 reaching an all-time high. On Nov 16, the total number of shipping containers was 86, since then the number has increased to 96. The estimated wait time for these ships to dock is almost […]
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Over the pandemic, the United States saw a drastic driver shortage in the logistics industry, but the industry should see more drivers available soon. There has been an increase in the available driver pool, partially because most drivers will be exempt from the new Covid-19 vaccine mandate. It seems that only the team drivers and […]
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Our Customers Asked, and We Listened We are proud to announce that Guttman Energy’s Fleet Fuel Card Business now offers the option to automatically pay invoices with business debit/credit cards on file for our fleet card customers. And yes, we are accepting ANY major credit or debit card. This opportunity was created at the request […]
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If you have followed the news, shopped online, or stepped foot into a brick-and-mortar store lately, you may have heard that we are in the midst of a global supply chain crisis. Our international commerce infrastructure has been resilient to discrete challenges in the past, but this time, there are several different issues feeding into […]
Read MoreOn Tuesday, the U.S. announced it would release 50 million barrels of crude from its strategic oil reserves. This move comes in coordination with releases from China, Japan, South Korea, India, and the U.K. as an attempt to combat the prices from OPEC+. OPEC+ meets on December 2nd to evaluate their response to this move, […]
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Society has faced a wide variety of tough challenges for nearly the last two years, none greater than the COVID-19 pandemic. However, with those challenges, we have also seen what some may consider positive adjustments in their daily lives. For many it is having the flexibility of working from home. While there is an ongoing […]
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On November 15th, President Biden signed his $1 trillion infrastructure plan into law. The funding will span over a five-year period with more than half ($550 billion) being allocated to transportation, broadband and utility projects. The infrastructure legislation will also put $110 billion into improving roads and bridges, $66 billion in freight and passenger rail […]
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With oil prices hitting 7-year highs just a month ago, world leaders including U.S. President Joe Biden are considering a strategic release of petroleum reserves as a reprieve to high prices and inflationary pressures. Does this really mean oil prices have topped?
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As our global economy recovers from the pandemic, energy prices increase as we continue to see inflation throughout the world. Two things that can affect whether prices at the gas pumps continue to increase are OPEC+ and U.S. shale outputs. With people resuming road and air travel, the global oil demand has almost rebounded to […]
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After two weeks in Glasgow, Scotland, the COP26 has concluded with over 200 countries signing the Glasgow Climate Pact. The final decision on how the world plans to handle fossil fuels came down to last minute dropped wording calling for the “phase out” of coal-fired power, replacing it with “phase down”. Defenders of the word […]
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