Hurricane Laura

Global Stimulus Measures Support Oil Prices Amid COVID-19

  • Global stimulus measures underpin prices even as demand struggles post-COVID-19.
  • Brent crude futures for November were unchanged at $45.81 per barrel.
  • U.S. West Texas Intermediate crude was at $43.05 a barrel, up 8 cents.
  • WTI reached $43.78 a barrel on August 26.

According to an article published in CNBC, oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID...

https://mfame.guru/global-stimulus-measures-support-oil-prices-amid-covid-19/

The Daily Dash: Tight capacity could hamper hurricane relief

Hurricane Laura impact on truck capacity

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Hurricane Laura recovery is ongoing, but a lack of trucking capacity could hamper efforts. Plus, Tyson Foods is stepping up its relief efforts and spot rates could benefit from the hurricane.

Recovery on delay?

A tight trucking market could hamper recovery from Hurricane Laura, SONAR data shows. Relief efforts are greatly dependent on transportation of supplies into the disaster zones. With carrier...

https://s29755.pcdn.co/news/the-daily-dash-tight-capacity-could-hamper-hurricane-relief

FreightCasts Weekly Recap: (8/24-8/30)

You can find every FreightWaves podcast conveniently in one feed via the free FreightCasts channel on freightwaves.com/podcasts, iTunes, Spotify or wherever podcasts are found. 

Subscribe to FreightCasts and never miss a FreightWaves podcast.

The full list of FreightWaves media can be streamed via the FreightWavesTV app available for your smartphone, Apple TV, Roku and Fire TV. The app is free on all platforms.

Users of the FreightWavesTV app also have access to a full lineup of FreightWavesTV...

https://www.freightwaves.com/news/freightcasts-weekly-recap-824-830

Tight trucking market may hamstring Laura recovery effort

Chart of the Week:  Truckstop.com 7-Day Van and Reefer Rate Per Mile – USA SONAR: TSTOPVRPM.USA, TSTOPRRPM.USA

In a year that has become the poster child for natural disaster, Hurricane Laura became the latest in a long line of internet meme-generating events that have characterized 2020. To make matters worse for the victims of the first major hurricane to make landfall in the U.S., the recovery efforts may be hindered by the tightest freight market in years. 

The average national rates for dry...

https://s29755.pcdn.co/news/tight-trucking-market-may-hamstring-laura-recovery-effort

Rail service still hampered, but truck stops, roadways reopened following Hurricane Laura

I-10 Hurricane Laura damage

The remnants of Hurricane Laura continued to move toward the Atlantic Ocean, but they remain a potential disruption to freight activities along the way. And, the cleanup and recovery in Louisiana and Texas is ongoing and could take weeks.

Forecasters for the National Hurricane Center, in their final update on Laura Saturday morning, said the storm was moving east and is now a post-tropical cyclone. Heavy rain and flash flooding threats remain, but are diminishing, the NHC said. At 5 am ET, Laura...

https://s29755.pcdn.co/news/rail-service-still-hampered-but-truck-stops-roadways-reopened-following-hurricane-laura

Tyson Foods, trucking groups mobilize to help Hurricane Laura survivors

Food companies, truckers respond to Hurricane Laura

The COVID-19 pandemic has forced food companies, along with trucking and relief groups, to pivot to how they normally respond to natural disasters like Hurricane Laura.

Tyson Foods (NYSE:TNS) is providing more than 1 million meals, as well as ice and other supplies, to areas hardest hit by the hurricane.

Prior to the COVID-19 pandemic, Tyson Foods would utilize its specialty-outfitted 53-foot trailer that includes cooking supplies, charcoal, grills, tents and utensils to set up a remote cooking...

https://s29755.pcdn.co/news/tyson-foods-trucking-groups-mobilize-to-help-hurricane-laura-survivors

The Daily Dash: Freight markets burning up; nuclear verdict reversed

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, freight markets remain on fire and indications are it may continue that way for quite a while. Plus, portions of I-10 reopen following Hurricane Laura and hearing impaired truckers seek relief from certain commercial driver’s license requirements.

Will the good times last?

A new white paper from FreightWaves’ Freight Intel Group, Blume Global and U.S. Bank highlights what could be a multiyear uptick...

https://s29755.pcdn.co/news/the-daily-dash-freight-markets-burning-up-nuclear-verdict-reversed

Most refineries coming back online after Laura exits

There aren’t many official announcements, but the buzz in the oil industry is that Hurricane Laura might lead to only one significant extended closure in the refining sector.

A report that appeared to have originated with Bloomberg is that the Citgo refinery in Lake Charles, Louisiana, near where Hurricane Laura made landfall, might need to stay closed for several weeks.

“Refineries in Lake Charles seem to have been the worst hit, with reports that Citgo’s 418,000 b/d Lake Charles refinery could...

https://s29755.pcdn.co/news/most-refineries-coming-back-online-after-laura-exits

Breaking News: Most of I-10 reopens in Louisiana post-Hurricane Laura

Tractor-trailer on I-10 in southwestern Louisiana day after Hurricane Laura's Gulf Coast landfall.

A portion of Interstate 10 in Louisiana that was closed Wednesday has been reopened.

I-10 WB at MM 1 near LA/TX line. Debris remains throughout impacted areas. Drive only if you need to, & please use extra caution if you must drive. #HurricaneLaura pic.twitter.com/kltAbots5e

— Louisiana DOTD (@La_DOTD) August 28, 2020

As Hurricane Laura’s arrival at the Gulf Coast became imminent, the Louisiana Department of Transportation and Development (DOTD) decided to shut down I-10 eastbound at the...

https://s29755.pcdn.co/news/breaking-news-most-of-i-10-reopens-in-louisiana-post-hurricane-laura

Storm cleanup to cause Louisiana rail shippers some delay

Union Pacific

The nation’s Class I railroads expect to have service restored this weekend on tracks serving the ports and industrial facilities on the Gulf Coast between Houston and New Orleans.

Hurricane Laura, packing 120 mph winds when it made landfall early Thursday morning, caused significant damage in the Lake Charles, Louisiana, area.

Union Pacific (UP) (NYSE: UNP) said Friday it is still clearing away storm-related debris from several of its track lines through southern Louisiana.

“We continue to work...

https://www.freightwaves.com/news/storm-cleanup-to-cause-louisiana-rail-shippers-some-delay

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