FedEx Ground hikes fuel surcharge 100 basis points, leapfrogging UPS

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FedEx Ground, the ground-delivery arm of FedEx Corp., has raised its diesel fuel surcharge by 100...

https://www.freightwaves.com/news/fedex-ground-hikes-fuel-surcharge-100-basis-points-leapfrogging-ups

Why The G-7 Fuel Price Cap Will Be More Difficult Than It Appears?

Credit: Marcin Jozwiak/Unsplash

Russian fuel exports represented about 9% of 2022 sea trade

  • Tanker freight for refined fuels more complex than crude

  • A recent news article published in the Bloomberg asks ‘Why the G-7 Cap on Russian Fuel Prices Will Be Harder Than it Looks?’

    Imposing a cap on the prices at which Russia’s oil refineries

    The Group of Seven industrialized nations is 24 days from imposing a cap on the prices at which Russia’s oil refineries are allowed to sell the fuels they make. It’s...

    https://mfame.guru/why-the-g-7-fuel-price-cap-will-be-more-difficult-than-it-appears/

    DOE methodology for determining diesel prices sees 2 key changes

    The methodology change for producing the weekly average retail diesel price published each week by the Department of Energy has taken the survey base up to 590 outlets, according to a spokesman for the agency.

    In response to a series of questions submitted by FreightWaves regarding the methodology shifts, Chris Higginbotham of the Energy Information Administration’s media relations team identified two major changes in how the weekly price, which is the basis for most fuel surcharges, is now...

    https://www.freightwaves.com/news/doe-methodology-for-determining-diesel-prices-sees-2-key-changes

    Utilities: Will we have coal when it’s cold?

    A photograph of a Union Pacific train hauling coal over a mountainous landscape.

    U.S. utilities are facing record low coal stockpiles ahead of winter, and congestion on the rails as well as the uncertainty of the vaccine mandate are only adding to the stress.

    “Coal shippers are concerned about the full range of factors affecting the rail supply chain at this point, including labor shortages and the possibility of labor interruptions,” John Ward, executive director of the National Coal Transportation Association, told FreightWaves. “Relatively mild fall weather may have eased...

    https://www.freightwaves.com/news/utilities-will-we-have-coal-when-its-cold

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