At the end of May 2022, we saw a sharp decrease in U.S. crude inventory levels of 5.1 million barrels compared to the expected decrease of 1.3 million barrels. In response to the decrease in inventory and the sanctions on Russian oil, U.S. shale production is set to increase in the month of July by […]
Read More
A quick look at any truck stop’s signage this year will reveal some eye-popping numbers; U.S. Energy Information Administration (EIA) figures for March 2022 peg the average cost of gasoline at $4.22/gallon. Diesel fuel comes in almost a full dollar higher at $5.11/gallon. Price pressure has abated since then, but only slightly. According to the […]
Read More
Ask any business owner and they will tell you, growth is an exciting measure of their company’s success. While exciting, that growth also involves several key questions that must be navigated. One of those questions specific to the transportation and logistics industry is, “When should I hire a Fleet Manager?”
Read More
Anyone frequenting a gas pump this summer has noticed a dramatic increase in cost compared to last year’s driving season, and industry analysts don’t see things changing in the near future. In the week leading up to July 26th, America’s average gas price dropped two cents to $3.15 per gallon. The American Automobile Association (AAA) […]
Read More
On Tuesday the United Kingdom’s government announced a ban on the sale of Internal Combustion Engines starting in 2035 (five years earlier than previously planned). Meaning it will eventually be illegal to sell new gas, diesel, and even hybrid powered cars to adhere to this standard. Many governments across the world have plans of internal […]
Read More
It’s a new year and a new decade, time to establish your fuel budget for the new year! Is your business the type that relies on a set budget for distillates or gasoline? Do you look to protect your costs in a volatile market? Around this time last year, we experienced a significant drop followed […]
Read More
So far this fall has brought us near record highs in parts of the Northeast, with some areas breaking through 90 degrees. Leaving many to feel that we may continue to have a warmer fall and maybe even a milder winter. However, if you take a look at the forecast we could start to see […]
Read More
Next week Pittsburgh Pennsylvania welcomes the National Truck Driving Championships (NTDC). The competition is each year by the American Trucking Association (ATA) and is slated to take place 8/14-8/17 at the David L. Lawrence Convention Center. As stated by the ATA, this long standing competition “has a long history – dating back to 1937 when […]
Read More
There are plenty of topics to look at when judging demand. Whether it be demand for fuel, freight, or drivers there are different signals to take into consideration. Traditionally for fuel it can be judged daily by taking a look at price spikes or drops. Then freight demand can be assessed seasonally or monthly by […]
Read More
With constant fluctuations in price, fleet owners are becoming much more conscious of their fueling spend. Some may shop around to find more cost effective supply options, while others are looking at newer technologies to increase fuel efficiencies. Most of us have seen smart phone applications for everything it seems, but now trucking companies are […]
Read More
