A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.
January 26, 2024Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Biden Freezes Approvals of New Licenses for LNG Exporters
The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.
January 26, 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, 2024Hydrogen Company Plug Power Closes In on $1.6 Billion Loan
Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.
January 23, 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, 2024Diesel Price Sheds 2.5¢ a Gallon to $3.838
The national average diesel price fell for the third time in the first four reporting periods in January, dipping 2.5 cents to reach $3.838 a gallon, according to Energy Information Administration data for the week ending Jan. 22.
January 22, 2024USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales
Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.
January 22, 2024Pennsylvania Diesel Tax Drops 4.4¢, Still Among Highest in US
Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.
January 22, 2024SuperTruck II Innovations Could Help With Emissions Targets
LAS VEGAS — Aerodynamic innovations developed for the Peterbilt SuperTruck II could enter service sooner rather than later to help comply with forthcoming emissions regulations.
January 18, 2024Port of Long Beach CEO Cordero Details Upcoming Projects
Port of Long Beach officials were upbeat about prospects for the facility even as its 2023 performance was down 12.2% year-over-year.
January 18, 2024