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The post Daily Infographic: EIA forecasts crude oil prices will increase through 2024 as demand rises above supply appeared first on FreightWaves.
The post Daily Infographic: EIA forecasts crude oil prices will increase through 2024 as demand rises above supply appeared first on FreightWaves.
It’s no secret that COVID had an enormous economic impact in 2020 and the years succeeding, especially on the logistics industry. 2020 saw carriers bursting at the seams and shipping rates higher than ever, creating a favorable market for carriers. As shipping volumes and COVID-induced spikes started to decline, however, carriers were left with a…
In arguably one of the most important moves in its history, FedEx Corp. said today it will combine most of its operating units into one business known as Federal Express Corp. The transition will bring FedEx’s air, ground parcel and other operating business under one umbrella, effective June 1, 2024. FedEx Freight, the company’s LTL…
Latest The Stockout show explores sock puppets This is how RFK Jr. sees U.S. food regulators. (Image: FWTV) On Monday’s The Stockout show, which focuses on topics relevant to shippers in the retail and CPG industries, Grace Sharkey and I discussed how the election could impact those sectors. If Trump is elected, the Federal Trade…
Railcar builder FreightCar America posted a loss of $107 million, or $3.57 per share, in the third quarter and revenue of $113.3 million on deliveries of 961 railcars, compared to revenue of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91%, respectively. Shares of FCA fell 2.11% to…
With the new Trump administration come expectations of regulatory changes, including potential shifts at the Federal Trade Commission, that could unlock M&A activity. These shifts could mean promising activity in retail and e-commerce, as well as greater investment in supply chains. Lower interest rates may also drive fresh investment in housing and retail, benefiting brands…
Americans hit the road en masse for summertime travel each year starting Memorial Day weekend, pumping up gasoline sales through Labor Day in early September. Summer airplane travel takes off, consuming more jet fuel. Europeans load up their cars and head to the Mediterranean beaches and inland lakes in July and August, consuming more diesel….