Daily Infographic: Where our gasoline comes from
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August 3, 2021
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Severe mudslides trigger I-70 closure in Colorado
Colorado Gov. Jared Polis plans to declare a state disaster and make a request for a federal disaster declaration after severe mudslides and flooding caused extensive damage to Interstate 70 in Glenwood Canyon. This is according to a report from…
August 3, 2021
Uncategorized
Gulf ports expanding their way to bigger profits
FREEPORT, Texas — Located in southeast Texas where the Brazos River empties into the Gulf of Mexico, Port Freeport is one of the ports best poised to accommodate bigger ships crossing the enlarged Panama Canal, officials say. It is one…
August 2, 2021
Uncategorized
After a decline, DOE/EIA weekly diesel price heads higher again
The weekly Department of Energy/Energy Information Administration (DOE/EIA) average retail diesel price resumed its upward course Monday, climbing 2.5 cents to $3.367 a gallon. The increase comes after last week’s decline of 0.2 cents a gallon, the first after a…
August 2, 2021
Uncategorized
TA earnings reflect improved market for truck stops in Q2
The earnings of Travelcenters of America showed significant improvement in most categories for the second quarter in comparison to 2020’s second quarter, when truck stops were rapidly adjusting to wildly swinging changes in their business because of the pandemic. The…
August 2, 2021
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Maersk posts blockbuster Q2 results — and Q3 looks even better
There’s a saying at public companies: “Underpromise and overdeliver.” A.P. Moller-Maersk has apparently taken that credo to heart in 2021. At the beginning of this year, it introduced initial guidance for 2021 earnings before interest, taxes, depreciation and amortization of…
August 2, 2021
Uncategorized
COVID threatens Chinese exports as US struggles to restock inventories
U.S. import demand is stronger than ever as inventory-to-sales ratios remain painfully low. But there’s rising risk to shipping volumes on the supply side of the equation: Most American containerized imports come from China and elsewhere in Asia, where the…
August 2, 2021
Uncategorized
Ocean carriers under fire for not honoring shipping contracts
On today’s episode, Dooner and The Dude are talking about a U.S. company that’s suing “collusive” ocean carriers and alleging price manipulation. Jon Monroe, founder, Monroe Consulting, tries to help us make sense of this market and what’s going on…
August 2, 2021
Uncategorized
A&R acquires RJ’s to scale liquid services along Gulf Coast
In 2020, A&R Logistics acquired First Choice Logistics and L.T. Harnett in an effort to scale its liquid chemical supply chain services. Continuing that strategy, the Woodlands, Texas-based logistics company recently announced it had purchased liquid bulk services provider RJ’s…
August 2, 2021
Uncategorized
$92M Werner verdict from 2018 becomes a hot potato on appeal
A nuclear verdict handed down against Werner Enterprises in 2018 has set off a dispute within a Texas appellate court as the truckload carrier appeals the more than $90 million award. There is no immediate impact from the decision of…
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