Ports Will See Class 8 Electric Trucks
The busiest truck hub on the U.S. West Coast said that while major truck manufacturers and start-ups have made progress on battery-electric Class 8 trucks, the technology is still two years away at best from…
Tagged: Reports
Inland Ports Gaining Volume, Report Says
As intermodal volumes have stayed ahead of carload volumes in recent years, a report recently published by Chicago-based commercial real estate firm JLL suggests this trend should continue.
Increased intermodal usage will not only see…
Global Slowdown Pinching FedEx
FedEx Corp. tumbled in April as a new cut to its earnings outlook stoked Wall Street concerns over the courier’s ability to navigate a global slowdown and cash in on surging e-commerce. Overseas demand is…
World Markets Racing For LNG
Liquefied natural gas (LNG) is playing an increasingly important role in the global energy mix, driven by its environmentally friendly characteristics, versatility and relatively cheap price. LNG is perceived as a transition fuel that can…
‘Availables’ Softening Trailer Production
The trailer industry’s strong order streak, which started in the fall of 2017, came to an end at the close of 2018, but the softness was not necessarily due to a change in fleet confidence…
Natural Gas Usage to Grow, EIA Report Says
U.S. natural gas market trends from 2018 are expected to continue this year into 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports, according to the U.S. Energy…
Freight Activity Rallied In June
Spot truckload freight activity in June rallied to record highs for the number of available loads, while rates rose to their highest points in nearly two years, according to the DAT Freight Index…
EIA raises crude oil price outlook
The U.S. Energy Information Agency’s (EIA) May “Short-Term Energy Outlook’’ (STEO) predicted Brent crude oil prices would average $71 per barrel this year, $7 higher than what was forecast in April. Correspondingly, EIA’s forecast...
Oil and gas firms plan leaner projects worldwide
About 30 upstream oil and gas projects are expected to be approved around the world this year, similar to 2017, as operators stay focused on less capital-intensive projects with quicker returns, according to Wood...
Oil & Gas Exploration to Draw $811 billion, Data Firm Predicts
ore than $811 billion will be spent on 615 upcoming oil and gas fields between 2018 and 2025 according to data and analytics company GlobalData. Globally, capital expenditure (capex) into conventional oil, heavy oil,...
