The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.
February 5, 2024Search
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Fleets, Suppliers Work to Curb Fuel Card Skimming
Fuel card skimming is proving to be the most challenging and expensive fraud that carriers are facing.
February 5, 2024Love’s Travel Stops Previews Expansion Plans for 2024
Love’s Travel Stops is rolling out a planned $1 billion expansion of its truck stop network this year with new and remodeled stores that expand the offerings available to truck drivers.
January 29, 2024Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea
Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.
January 25, 2024Red Sea Chaos Starting to Impair Profits Across Industries
With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.
January 23, 2024States Waive HOS for Fuel Deliveries Amid Severe Weather
Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.
January 18, 2024Shipping CEOs See No Short-Term End to Red Sea Disruptions
The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.
January 17, 2024Global LNG Fleet Avoiding Red Sea With More Tankers Diverted
The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.
January 17, 2024TRB Unveils Critical Issues Report
WASHINGTON — A guiding document outlining issues deemed highly important across transportation modes was unveiled for the annual meeting of the Transportation Research Board.
January 8, 2024LNG Shipping Rates Dip on Lower Demand Despite Red Sea Chaos
It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.
December 20, 2023