The oil market is turning its attention back to the United States as more of its rigs return to work after a surge to $50 a barrel, raising concern that a production rebound may stifle crude’s recovery.
June 6, 2016Search
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48-Volt Electrical System Could Revolutionize Heavy-Duty Trucks
Industry exhibitions of trucking technology would not be the same without trucks showcasing components, systems and features intended to hit the road in the future. Some examples of future componentry come to market quickly, others never make it into production. Meanwhile, others represent demonstrations of technology that might be integrated into Class 8 trucks decades down the road.
June 17, 2016
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
New Engine Oils Coming in December
Two new types of engine oils are coming to market Dec. 1. The heavy-duty oil specification that has been used for nearly a decade will be replaced by CK-4 and FA-4, and this crucial development is one of the cover stories in this issue of Equipment & Maintenance Update.
June 17, 2016Gearing Up for New Engine Oils
The heavy-duty engine oil specification that has been used for about 10 years is set to be replaced by two new ones: CK-4 and FA-4. The pair have been enhanced to withstand the rigors of lubricating hotter-running diesel engines and boost fuel efficiency better than the current offering, known as CJ-4 and marketed under many brands.
June 17, 2016Diesel Jumps 2.5¢ to $2.407
The U.S. retail diesel average climbed 2.5 cents to $2.407, the Department of Energy said, increasing for the 15th time in 16 weeks as crude oil flirted with $50 per barrel.
June 6, 2016OPEC Decides Not to Set Cap on Oil Output
OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling.
June 2, 2016Residents Return to Canadian Oil-Sands Town Devastated by Wildfires
Residents are returning home to Fort McMurray, the Alberta, Canada, oil-sands town devastated by wildfires last month. Many are counting on rebuilding efforts to give their trucking businesses a boost following a nearly two-year-long recession caused by the oil industry downturn.
June 2, 2016OPEC Said to Work on Oil Deal to Restore Unity
OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Diesel Climbs 2.5¢ to $2.382
The U.S. retail diesel average price jumped up 2.5 cents to $2.382, the Department of Energy said, increasing for the 14th time in 15 weeks.
May 31, 2016Forward Air CFO Rodney Bell to Retire, XPO’s Michael Morris to Take Post
Forward Air Corp. announced that Chief Financial Officer Rodney Bell will retire on June 27 and that Michael Morris, an XPO Logistics executive, will replace Bell in the post.
May 29, 2016