diesel

The relative weakness in diesel prices four weeks into the start of the IMO 2020 regulations does not surprise Marathon Petroleum Corp (NYSE: MPC) CEO Gary Henninger. Henniger, on a conference call with analysts after the release of the company's fourth-quarter earnings, said the independent...

Here's what is almost certainly frustrating many truck drivers and shippers as January draws to a close: On Jan. 2, the first trading day of the year, ultra low sulfur diesel (ULSD) settled on the CME, the main energy trading platform, at $2.0241 per gallon. A day later, it settled at $2.0614. On...

Director of Freight Market Intelligence Zach Strickland examines capacity across the country in the Carrier Update presented by PowerFleet, Market Expert Donny Gilbert highlights the best markets for dry vans in the Broker Update, and Oil Market Expert John Kingston discusses diesel prices in the...

Rob Moseley is an attorney at Moseley Marciniak in South Carolina. He's defends trucking companies in the courtroom, and he's watched as verdicts against trucking companies have been soaring. Is this a sudden shift or just another period in a cycle? And how should trucking companies deal with it?...

A joint venture between independent refiner Phillips 66 and Renewable Energy Group (REG) to build a renewable diesel plant in Ferndale, Washington, has been scrapped. The plant would have had capacity of 250 million gallons per year, or about 16,300 barrels per day. By the standards of biodiesel...

We gear up into this frigid week with a wild ride of headlines and industry updates. First, some bad news: a fatal shooting at a family-owned trucking company in San Antonio leaves two dead. A new cap-and-trade carbon emissions bill unveiled in Oregon last week continues to draw criticism from the...

Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line.  While fleets can implement best practices in driver behavior training and incentive programs, where and when carriers buy fuel has a dramatic impact on the...

The "New Year's Eve surprise" may have been a first step toward getting the California trucking industry out from under the AB5 legislation that will have serious consequences for the independent owner operator model. Weston LaBar is the CEO of the Harbor Trucking Association, which represents the...

When the Energy Information Administration of the Department of Energy posted its final average U.S. retail diesel price of 2019 Monday evening, the national average price was $3.069 per gallon. A year earlier when it posted the final price for 2018, the number was $3.048 per gallon. All those ups...

Mitsubishi Motors Corporation (OTC: MMTOF) will stop the production of new diesel engines, according to Nikkei Asian Review. What Happened The Tokyo-based multinational automotive manufacturer will reduce its diesel lineup to some SUVs and small trucks in the U.S. and...

Good day, Truck technicians looking to save a few minutes can now utilize Diesel Laptops' Truck Parts Lookup software to do just that, the company claims. The free software allows users to identify heavy-duty truck parts without the need of a vehicle identification number (VIN) or engine serial...

U.S. regulators made a small but important change to federal rules that will allow refineries to sell and distribute to ship owners less expensive marine fuels that still meet the IMO 2020 clean fuel standard taking effect Jan. 1. The new global sulfur limit in marine fuels will be reduced from 3....

A recent report by JPMorgan Chase & Co (NYSE: JPM) sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained and hint at a market that is on the verge of any sort of spike in prices. In an exhaustive 100-plus-page report published by the team led by...

Trucking, rail and maritime projects aimed at cutting diesel engine emissions will be able to compete for $44 million from the U.S. government to lighten the cost load. The U.S. Environmental Protection Agency (EPA) opened its fiscal 2020 round of funding for grants and rebates through its Diesel...

There has not been a reaction in the diesel market yet because of IMO 2020, but the analytics team at S&P Global Platts doesn't think the transition has played out. In leading a media briefing this week to lay out its forecast on key oil trends next year, Platts' global director of analytics...