-
FreightWaves NOW: Diesel Market Keeps Heading Downward
Thursday, January 23, 2020 - 5:19pm | 76Director of Freight Market Intelligence Zach Strickland examines capacity across the country in the Carrier Update presented by PowerFleet, Market Expert Donny Gilbert highlights the best markets for dry vans in the Broker Update, and Oil Market Expert John Kingston discusses diesel prices in the...
-
Drilling Deep: What A Trucking Lawyer Thinks About "Nuclear" Verdicts
Wednesday, January 22, 2020 - 10:07am | 170Rob Moseley is an attorney at Moseley Marciniak in South Carolina. He's defends trucking companies in the courtroom, and he's watched as verdicts against trucking companies have been soaring. Is this a sudden shift or just another period in a cycle? And how should trucking companies deal with it?...
-
Phillips 66 And Partner Drop Plans For Renewable Diesel Plant In Washington
Tuesday, January 21, 2020 - 6:16pm | 689A joint venture between independent refiner Phillips 66 and Renewable Energy Group (REG) to build a renewable diesel plant in Ferndale, Washington, has been scrapped. The plant would have had capacity of 250 million gallons per year, or about 16,300 barrels per day. By the standards of biodiesel...
-
WTT?!? Weekday: SONAR Diesel Fuel Forecaster And More
Tuesday, January 21, 2020 - 1:55pm | 544We gear up into this frigid week with a wild ride of headlines and industry updates. First, some bad news: a fatal shooting at a family-owned trucking company in San Antonio leaves two dead. A new cap-and-trade carbon emissions bill unveiled in Oregon last week continues to draw criticism from the...
-
FreightWaves Introduces Next-Day Wholesale Diesel Forecast Index
Monday, January 20, 2020 - 10:37am | 542Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. While fleets can implement best practices in driver behavior training and incentive programs, where and when carriers buy fuel has a dramatic impact on the...
-
Drilling Deep: How Long Does Relief From AB5 Last In California?
Wednesday, January 8, 2020 - 12:50pm | 188The "New Year's Eve surprise" may have been a first step toward getting the California trucking industry out from under the AB5 legislation that will have serious consequences for the independent owner operator model. Weston LaBar is the CEO of the Harbor Trucking Association, which represents the...
-
No Wild Ride For Diesel In 2019, Despite Expectations
Thursday, January 2, 2020 - 10:06am | 1186When the Energy Information Administration of the Department of Energy posted its final average U.S. retail diesel price of 2019 Monday evening, the national average price was $3.069 per gallon. A year earlier when it posted the final price for 2018, the number was $3.048 per gallon. All those ups...
-
Mitsubishi To Stop Making New Diesel Engines
Thursday, December 26, 2019 - 8:12am | 319Mitsubishi Motors Corporation (OTC: MMTOF) will stop the production of new diesel engines, according to Nikkei Asian Review. What Happened The Tokyo-based multinational automotive manufacturer will reduce its diesel lineup to some SUVs and small trucks in the U.S. and...
-
Today's Pickup: Diesel Laptops Debuts Free Parts Lookup Tool; The Cost Of Cybercrime
Tuesday, December 24, 2019 - 10:39am | 727Good day, Truck technicians looking to save a few minutes can now utilize Diesel Laptops' Truck Parts Lookup software to do just that, the company claims. The free software allows users to identify heavy-duty truck parts without the need of a vehicle identification number (VIN) or engine serial...
-
EPA Loosens Fuel Restrictions In US Ahead Of IMO 2020
Tuesday, December 17, 2019 - 9:46am | 601U.S. regulators made a small but important change to federal rules that will allow refineries to sell and distribute to ship owners less expensive marine fuels that still meet the IMO 2020 clean fuel standard taking effect Jan. 1. The new global sulfur limit in marine fuels will be reduced from 3....
-
There Will Be Diesel Reaction To IMO 2020, But It's Mostly Muted: JP Morgan
Thursday, December 12, 2019 - 3:13pm | 799A recent report by JPMorgan Chase & Co (NYSE: JPM) sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained and hint at a market that is on the verge of any sort of spike in prices. In an exhaustive 100-plus-page report published by the team led by...
-
EPA Awarding $44 Million To Cut Diesel Engine Emissions
Wednesday, December 11, 2019 - 4:20pm | 425Trucking, rail and maritime projects aimed at cutting diesel engine emissions will be able to compete for $44 million from the U.S. government to lighten the cost load. The U.S. Environmental Protection Agency (EPA) opened its fiscal 2020 round of funding for grants and rebates through its Diesel...
-
Reaction In The Diesel Market To IMO 2020 Is Still To Come: Platts
Wednesday, December 11, 2019 - 3:29pm | 991There has not been a reaction in the diesel market yet because of IMO 2020, but the analytics team at S&P Global Platts doesn't think the transition has played out. In leading a media briefing this week to lay out its forecast on key oil trends next year, Platts' global director of analytics...
-
FreightWaves Oil Report: Here Are The Oil And Diesel Numbers That OPEC Faces This Week
Monday, December 2, 2019 - 12:27pm | 1094As OPEC prepares to meet this week, here's a Harper's Index of some key numbers that will help you through the news coming out of Vienna. The group faces projections of a supply/demand imbalance in 2020. Some of these numbers will make that clear; other numbers provide a historical context of what...
-
Diesel's Market Dominance Earns Respect But Little Love
Monday, November 4, 2019 - 11:00am | 964With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don't tell that to California. The climate-conscious state mostly ignores the fuel's significantly lower greenhouse gas emissions, preferring to press for zero emissions from all...