The global economic fallout from COVID-19 is a rapidly evolving situation with ramifications across a wide range of markets, including energy and freight. Actions to combat the impact of the pandemic have intensified, resulting in supply chain disruptions, travel bans, and widespread lockdowns nationwide and around the world.
As a precaution to keep COVID-19 from spreading, companies nationwide are increasingly requiring employees to work from home and banning or limiting travel.
As 2019 comes to a close, let’s take a look at how autonomous vehicles will transform the transportation industry, and the benefits they will provide your fleet. Plus, a look at the U.S. and global trends to keep on eye on that can affect fuel prices in 2020.
Tags: Industry News & Reports
Whether your fleet is comprised of a few vehicles or several hundred, it’s essential to keep your operations moving forward and running on all cylinders. That means taking the time to stay on top of what’s trending in the industry. In the constantly shifting trucking industry, this is not exactly an easy task, but it’s one that might not be as difficult as you may think.
Many fleet managers stay on top of trends by subscribing to trade journals, reading newspapers, websites
It seems that when there is a proposed rule or regulation affecting the trucking industry, there is a great amount of buzz and often two sides vehemently opposed.
The proposed rule by the U.S. Department of Transportation regarding mandatory speed limiters on heavy trucks is no exception. In one corner you have the industry’s largest trade group, American Trucking Associations (ATA) in favor of the rule which mandates that heavy trucks—weighing more than 26,000 pounds—be fitted with electronic devices that would limit top speeds to no higher than 65 mph. They argue that reducing and regulating truck speed via the device would decrease the number of collisions on U.S. roads.
The last three months for the energy sector were nothing short of impressive. Rebounding from a 36.59% decline in 2014 and a 25.14% fall in 2015, the sector was up 2.37% the first three months of 2016, had a 24.06% surge in Q2, a 1.44% loss in Q3 and a 14.67% gain in Q4.
Crude oil is still close to half the price it was in June 2014 and overall, all energy commodities with the exception of ethanol, posted double-digit gains in Q4 and finished 2016 on a strong note—up 42.57% from December 31, 2015.
Tags: Industry News & Reports
As the saying goes, there are two sides to every story. And when the story in question is diesel fuel trucks, that saying couldn’t ring more true. Lately there’s been a lot of diesel buzz in the air and what it’s all about—when it’s not about Volkswagen—is the impending decline of the diesel fuel truck—or not.
Tags: Industry News & Reports
It’s not too early to start thinking ahead to December 1, 2016. Not because it’s both National Pie Day and Bifocals at the Monitor Liberation Day, but because December 1st is when the American Petroleum Institute’s (API) two new diesel engine oil standards—API Service Categories CK-4 and FA-4—will first appear in the API Service Symbol donut.
Eventually replacing the current CJ-4 oils, the API is now preparing to license engine oil against these new standards. The delay in licensing until December gives marketers time to test their new formulations and have them ready for market.
Tags: Industry News & Reports
Repeating its lackluster performance of Q3, the energy sector was the worst performing sector of Q4 with a composite of energy commodities falling just above 15%. Prices were affected by supply and demand. An excess supply and decreasing demand in Q4 crude oil, oil products and natural gas prices spiraled downward to over a 25% drop by year-end 2015. This represented more than a 50% price drop over the past two years.
Crude Oil
The most volatile commodity for the last two years, crude oil continued its downward slide from Q3 with NYMEX light sweet crude falling 17.85% in Q4 with increasing supplies a concern.
Tags: Industry News & Reports
Just as in 2014, the energy sector was the worst performing sector of 2015, with low prices tumbling even further. It got ugly with crude oil markets reaching new lows and natural gas prices falling to lows not seen in 15 years. Large inventories, weakened demand, geopolitical events, economic pressures and warmer temperatures pressured prices throughout the year with Q2 a bright spot and energy the best performing sector.
Tags: Industry News & Reports
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