Business, Fuel

Diesel Inches Up 0.7¢ to $2.572 a Gallon

John Weiss/Flickr

The U.S. average retail price of diesel rose 0.7 cent to $2.572 a gallon as the stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said.

Transport Topics
February 21, 2017
Business, Fuel

Crude Oil Could Plunge to as Low as $30 a Barrel

Akos Stiller/Bloomberg News

Crude prices could plunge toward $30 a barrel — a rout of about 40% from current levels — unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.

Christopher Sell and Alaric Nightingale | Bloomberg News
February 21, 2017
Business, Government, Safety, Logistics, Fuel

XPO’s Jacobs Sees E-Commerce as Key to Robust Growth in 2017

KEY BISCAYNE, Fla. — XPO Logistics Inc. CEO Brad Jacobs won’t rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he’ll “double down” on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.

Ari Ashe | Staff Reporter
February 20, 2017
Business, Fuel

Shale Drilling on a Roll as OPEC Cuts Keep Oil Above $50

Brittany Sowacke/Bloomberg News

Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as explorers take advantage of prices above $50 for more than two months.

Bailey Lipschultz | Bloomberg News
February 17, 2017
Government, Business, Safety, Logistics, Fuel

Underinvestment in Freight Infrastructure Will Hurt Economy, Schneider CEO Says

TT File Photo

WASHINGTON — The country's freight transportation network must be modernized and expanded to handle the projected increase in freight volume, Schneider International Inc.'s top executive told a Senate panel Feb. 15.

Eugene Mulero | Staff Reporter
February 15, 2017
Government, Fuel, Business

Red States Alaska, Oklahoma Seriously Mulling Fuel-Tax Hikes

Rodger Hinson/Flickr

Oklahoma and Alaska are about as red as states can be. Oklahoma has only elected Republicans to the Senate going back to 1994. Republican Don Young has been Alaska’s only congressman since 1973. However, both states are considering raising fuel-tax rates for the first time since the 1980s.

David Elfin | Staff Reporter
February 14, 2017
Business, Fuel

Diesel Rises 0.7¢ to $2.565

Daniel Acker/Bloomberg News

The U.S. average retail price of diesel rose 0.7 cent to $2.565 a gallon as crude oil prices remained near $53 a barrel and OPEC made production cuts while U.S. output continued to rise, analysts said.

Transport Topics
February 13, 2017
Business, Fuel

Nikola Motor Hires Jonathan Spira as Chief Financial Officer

Photo via Linkedin

Nikola Motor Co., the startup planning on building electric heavy-duty trucks, has hired Jonathan Spira as chief financial officer as it initiates its next round of funding.

Transport Topics
February 13, 2017
Opinion, Business, Government, Safety, Autonomous, Fuel

Opinion: Truck Parking Is Quiet Crisis Facing Industry

Each night, thousands of truck drivers across the country find themselves in a horrible game of “musical chairs” — searching for parking spaces to take their mandated 10-hour rest period. This occurs because of a major shortage for truck parking, which has not kept up with the volume and growth of trucks traveling across our country each day.

February 13, 2017

California Moves Ahead With Its Own GHG Rule

Max Whittaker/Bloomberg News

California is proceeding with its Phase 2 greenhouse-gas emissions rule for trucks — designed to be “harmonized” with the similar fed-eral rule released last year — no matter the fate of the U.S. regulation.

Jonathan S. Reiskin | Associate News Editor
February 13, 2017