The Organization of Petroleum Exporting Countries and its allies reached an agreement to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply.
December 3, 2020Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Biden Win Is Pressuring Carmakers to Unite on Tailpipe Rules
Carmakers that signed up for President Donald Trump’s battle with California over auto emissions are now being pressured to join a peace plan brought on by the election of Joe Biden.
December 2, 2020Chicago Mayor’s Budget Plan, Including Fuel Tax Hike, Is Approved
The Chicago City Council has voted to approve Mayor Lori Lightfoot’s 2021 budget proposal, which includes a fuel tax increase.
December 1, 2020Diesel Climbs 4¢ to $2.502 Amid Stronger Demand
The U.S. Energy Information Administration reported Nov. 30 in its weekly survey that trucking’s main fuel increased 4 cents nationwide.
November 30, 2020OPEC+ Meets to Seek Compromise on Plan to Delay Output Hike
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.
November 30, 2020High Freight Demand Provides Momentum for Trucking Industry
Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool.
November 24, 2020Operational Cost of Trucking Down 9.3%, ATRI Finds
Costs associated with trucking operations have decreased, according to the American Transportation Research Institute.
November 24, 2020Oil Jumps Past $45, Dow Eclipses 30,000
Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets.
November 24, 2020NTTC, ATA Seek Approval of Electronic Documents for Hazmat Shipments
National Tank Truck Carriers and American Trucking Associations have petitioned federal hazardous materials regulators to “without delay” develop a rulemaking that would allow motor carriers to use and accept electronic shipping papers and certifications for hazmat shipments.
November 24, 2020Diesel Rises 2.1¢ to $2.462 a Gallon
The nationwide average price of diesel fuel increased 2.1 cents per gallon, according to U.S. Energy Information Administration.
November 23, 2020