IRVING, Texas — Exxon Mobil’s profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped.
November 1, 2019Search
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Old World Industries Acquires Dasco’s DEF Business
Old World Industries announced it acquired Dasco Inc.’s diesel exhaust fluid and prilled [pellet] automotive-grade urea global business and assets.
November 1, 2019
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Keystone Pipeline Shutdown Raises Costs for US Gulf Refiners
The Keystone crude pipeline was shut Oct. 30 after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years.
October 31, 2019‘Canada’ Is Becoming a Dirty Word in the Oil Patch
Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.
October 31, 2019Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit
Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its chairman and chief executive officer, just five weeks after activist investor Elliott Management Corp. went public with demands for a radical overhaul of the company.
October 31, 2019Trump Push for Corn-Heavy Fuel Isn’t Reaching the Pump
President Donald Trump’s effort to boost corn demand by allowing year-round sales of ethanol-blended gasoline has run into a logistical problem. Few stations offer it.
October 31, 2019Alberta Loosens Oil Output Limits With Railroad Allowances
Alberta took a step toward easing the pain of its crude-production caps by allowing oil companies to exceed output limits if they ship the extra production by rail.
October 31, 2019Donaldson Announces Air Filter Test Results, GeoTab Contract
ATLANTA — Donaldson Co. said recent tests show the Donaldson PowerCore filters can save fleets up to $215 per truck per year, because the filters provide 27% less restriction.
October 31, 2019Rocketail Tweaks Aerodynamic Trailer Wings With Hinge
ATLANTA — Rocketail announced it will be making its two side wings, attached to improve a trailer’s aerodynamic flow, flexible upon contact.
October 31, 2019Canadian Carrier Mullen Sees Q3 Earnings Decline as Oil Shipments Fall
Canadian carrier Mullen Group Ltd. posted a 6.4% decline in net income in the third quarter, to C$20.5 million or 20 cents per share, according to a company news release Oct. 24.
October 30, 2019