Weekly Fuel Report: July 20, 2021
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July 20, 2021
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Elevated wildfire risk sweeping across the West
Dozens of wildfires are still burning across the West, a few of them now covering more than 100,000 acres each. The largest one reported to InciWeb, the National Fire Information Center’s website, is the Bootleg fire in southern Oregon. It…
July 20, 2021
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EDRAY receives $7M to improve port logistics through flow stacking
EDRAY, a drayage platform, is looking to revolutionize the way technology executes port logistics. The company announced Tuesday it is looking to accelerate its growth and expand its suite of drayage solutions with a recent $7 million investment from logistics…
July 20, 2021
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COVID drove e-commerce sales boom; they are accelerating in 2021
Last week, the U.S. Commerce Department shocked analysts when it announced overall retail sales rose 0.6% in June, rebounding from a downwardly revised 1.7% drop in May. Excluding auto sales – which are still being hampered by global semiconductor shortages…
July 20, 2021
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J.B. Hunt says service recovery hinges on several factors
Management from J.B. Hunt Transport Services said dislocation throughout the supply chain remains in place but that there is now some “momentum” toward improvement. On a call with analysts Monday night, management said “demand for our trucks, containers and trailers…
July 20, 2021
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Fuel cell truck maker Hyzon Motors’ shares drop 20% in market debut
Hyzon Motors Inc. began public trading Monday on a terrible note as its shares fell more than 20% on a day when markets continued to tumble. The maker of hydrogen-powered fuel cell trucks, which has more than $37 million in…
July 20, 2021
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Nevada Trucking Association CEO named to ATA council post
American Trucking Associations (ATA) announced Monday that Paul Enos has been named chairman of the ATA Trucking Association Executives Council (TAEC). Enos, CEO of the Nevada Trucking Association, succeeds Brenda Neville as chair. He brings more than 15 years of…
July 19, 2021
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Safety panel: Government conflict on pay rules hurts driver retention
A long-standing gap between how the U.S. Department of Transportation and the U.S. Department of Labor view driver wages must be bridged before the trucking industry will have a shot at curing its chronic driver retention problem, according to a…
July 19, 2021
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SONAR Daily: Volume down on 10 key intermodal lanes
Facing difficult comps versus one year ago, loaded domestic intermodal container volume is now down on 10 of the 11 densest domestic intermodal lanes that originate in the U.S (see chart at top of file). Volume declines are not just…
July 19, 2021
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Tale of two markets: DOE/EIA diesel is up, CME diesel is way down
On a day when the broader commodity oil markets plummeted, the benchmark Department of Energy/Energy Information Administration average weekly retail diesel price climbed for a 12th consecutive week. That price rose 0.6 cents, to $3.344 a gallon. That’s the highest…
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