Analysts Dispute Diesel Shortage
Analysts dispute diesel shortage. While stockpiles of distillate fuels (diesel and heating oil) are low, the country is not going to suddenly run out of diesel fuel, despite reports of a diesel shortage driven by…
Tagged: Reports
Reported Record Class 8 Orders
ACT Research and FTR Transportation Intelligence reported record Class 8 orders for September, a possible sign of recovering new commercial vehicle production that has been restrained the last two years by a clogged supply chain…
Paccar Posts Record Income
Paccar posts record income for 2Q with strong margins defying dour economy, increased deliveries of recently revamped models and profit on its parts business all contributed. Practically everything clicked in the second quarter crushing analyst…
Nation’s warehouses growing old
Nation’s warehouses growing old, analysts say the unprecedented boom in logistics warehousing demand is now about a decade old. During most of the past 10 years, it was a safe bet that the aging of…
Rail and Trucking Join Forces
Rail and trucking join forces to increase efficiencies via an increase in capacity and getting freight moving. It’s no secret the supply chain has been backed up, bottlenecked, scrambled, and …
Warehouse Demand At Record Level
Warehouse demand at record levels. Driven by rising e-commerce demand and related one and two-day shipping demands, the need for new warehouses has never been higher. Real estate services firm JLL published a survey…
Trucking Sees New Player Surge
Trucking sees new player surge in the number of newly authorized trucking companies — especially small ones. From July 2020 -Sept, the FMCSA approved more than 104k new for-hire trucking companies, and that’s excluding private fleets…
Glut Causing Uncertainty For LNG
U.S. liquefied natural gas (LNG) exporters could see cargo cancellations return this summer if the current supply glut cannot be alleviated by then, analysts said recently. According to IHS Markit, 2020 saw an estimated global…
Refinery Closings Increasing
Permanent refining capacity closures expected for 2020-2021 have risen to about 1.7 million barrels per day (bpd) as the COVID-19 pandemic hammers demand for oil products, according to the International Energy Agency (IEA). About a…
J.B. Hunt Says Intermodal Lagging
Expectations around long-term intermodal margins were the main topic at J.B. Hunt Transport Services’ appearance at the Citi 2021 Global Industrials Virtual Conference in February. John Roberts, the company’s president and chief executive, said management…
