The benchmark diesel price used for most fuel surcharges rose a relatively small amount Monday even as the futures price for ultra low sulfur diesel continued to climb sharply. The average retail diesel price published by the Department of Energy/Energy Information Administration rose 2.4 cents a gallon to $4.028. The increase came after three consecutive…
The supply chain ripples caused by pandemic bottlenecks are being felt along the U.S.-Mexico border as nearshoring intensifies. Cross-border logistics continues to gain attention as large multinational corporations move their operations to Mexican border regions, creating additional demand for warehousing space, manufacturing facilities, transportation capacity and providers to manage shipments. While creating warehouses and manufacturing…
U.S. liquefied natural gas exporter Venture Global LNG, which is involved in multiple legal fights with clients, has announced it is building a large fleet of LNG-powered vessels. Venture Global’s fleet will include nine vessels. Six will have a cargo capacity of 174,000 cubic meters and three a cargo capacity of 200,000 cubic meters. The…
By Lane Kidd The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. When boarding a commercial flight, what do you expect? Cramped seats. Maybe an incessant talker. Or everyone’s favorite — an on-time departure, only to sit on the tarmac for an…
California’s trucking industry is facing the reality that its battle to keep the state’s AB5 independent contractor law out of the trucking sector is likely at a dead end. Appeals are possible of the decision Friday in the U.S. District Court for the Southern District of California that emphatically rejected all the arguments by the…