Truckers vs. Buc-ee’s, launching a Titan and market stability – WTT

With diesel futures markets having largely moved in circles the past three weeks, the pace of declines at the retail level is slowing. The benchmark price used for most fuel surcharges declined Monday for the 18th time in 19 weeks. But the decline of 0.3 cents a gallon to $3.794 in the Department of Energy/Energy…

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on the way in. Exports became even more important to China’s economy in recent years as…

The diesel price used as the basis for most fuel surcharges reversed course this week, rising 3.9 cents a gallon for the first increase in three weeks and just the third in the past 23 weeks. The Department of Energy/Energy Information Administration price was posted at $3.806 a gallon Monday. The reversal of recent trends…

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A collapse in volumes, an overabundance of carriers in the market and rising operational costs have tested transportation providers’ endurance. All the while, companies continue to combat deep-rooted issues that plague the industry, especially the ongoing driver shortage. But it’s not all doom and gloom. If history and past trucking cycles tell us anything, the…

German transport and logistics giant Deutsche Post DHL Group (OTCUS: DPSGY) reported on Wednesday lower results in its fiscal 2023 first quarter, with revenue of $23.1 billion, down from $24.94 billion in the same period a year ago, operating profit down 24.1% to $1.77 billion and operating margin down to 7.8% from 9.6%. The marked…