There have been blockades at 3 crucial border points between the US and Canada for nearly a week due to protests regarding the vaccine mandates in Canada. While two of them, one at Coutts and one at Emerson have dispersed, one remains at Ambassador Bridge bordering Detroit and Ontario. According to CNN Business, the US’s […]
Read More
Winter storms and cold weather can wreak havoc on transportation, and it’s important for any C-Store owner to be prepared for the harsh winter months. Safety and preparation are vitally important to create an accessible environment for your customers, but it’s also important to stock-up on key items that present selling opportunities and enhance revenue.
Read More
Even in an industry where mergers and acquisitions are commonplace, 2021 was a particularly busy year for large carriers looking to purchase a few of their smaller industry brethren. In April, Canadian carrier TFI International completed its acquisition of UPS Freight before purchasing Missouri-based D&D Sexton in November. On that same day in November, Werner […]
Read More
A sharp rise in global Omicron variant cases has sent oil prices tumbling. At the time of this writing, WTI crude is trading at $66.77, down $4.09 for the day. The United States hasn’t committed to new lockdowns; however, many other countries are implementing new policies that will certainly lead to demand destruction.
Read More
Overall pipeline capacity utilization in the United States stands at 50 percent. In early 2020 before the pandemic, capacity utilization ranged between 60-70%. According to Reuters, oil and gas shippers often find themselves building pipelines amid a production boom only to find there is too much capacity when downturns occur. Numerous pipelines were built in […]
Read More
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 More
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 […]
Read More
OPEC+ concluded their meeting on Thursday with a continuation of their current schedule of adding 400,000 barrels per day (bpd) next month, dealing a blow to major oil-importing nations that hoped they would open the spigots. The cartel disregarded pressure from high-consuming nations who wanted to halt the oil price rally over fears of slowing […]
Read More
Faithful readers of our blog may remember April 2021 marking an all-time high for the average price of a used Class 8 truck. Price tags have only pushed higher over the summer, according to ACT Research. The average cost for a used Class 8 truck sold in September 2021 reached $66,258, a 15.4% increase since […]
Read More
The perks of owning and driving an electric vehicle have dominated automobile headlines for years now, but more research is still needed to determine if the true cost of charging these vehicles is cheaper and more efficient than owning a gasoline powered vehicle. Patrick Anderson, CEO of Anderson Economic Group, recently detailed his experience with […]
Read More
