Trucking

DOE/EIA diesel price rises for 8th straight week — barely

The weekly Department of Energy/Energy Information Administration retail diesel price rose by the smallest amount in the past eight weeks, but it still came in higher when a decline might have been possible.

Over the course of the eight-week streak, the DOE/EIA price is up 35.8 cents a gallon. The benchmark number is now also up 10 of the past 11 weeks, rising 40.6 cents a gallon during that time.

The drumbeat in oil markets rose Monday over the question of whether the U.S. would turn to...

https://www.freightwaves.com/news/doe-eia-diesel-price-rises-for-8th-straight-week-barely

TFI folding US truckload, dedicated operations into CFI

A white tractor-trailer of TFI International carrier CFI traveling on a road with green pine trees in the background.

TFI International is consolidating its U.S. truckload and dedicated trucking operations under the umbrella of its Missouri-based carrier CFI, which has already absorbed Transport America — with the small dedicated operation of former UPS Freight to follow in 2022. 

CFI announced the changes on Monday as part of an expansion and reorganization. It also includes a new temperature-controlled division from TFI’s acquisition of MCT. 

The newly expanded CFI has a fleet of over 3,700 power units, which...

https://www.freightwaves.com/news/tfi-folding-us-truckload-dedicated-operations-into-cfi

Uber Freight’s Q3 revenues up almost 40% as Transplace merger looms

In what is likely to be the final earnings report from Uber Freight before it is transformed through its acquisition of TransPlace, the digital brokerage reported a third-quarter revenue increase of 39% over the third quarter of last year and 15.5% sequentially.

Uber reported late last week, in conjunction with its release of corporate earnings, that Uber Freight had $402 million of revenue in the third quarter, compared sequentially to $348 million in the second quarter and $290 million a year...

https://www.freightwaves.com/news/uber-freights-q3-revenues-up-almost-40-as-transplace-merger-looms

Texas filling border barrier gaps with shipping containers

Texas is filling gaps in its U.S.-Mexico border security plan by repurposing shipping containers.

The shipping containers began being deployed in late October as barriers along portions of the U.S.-Mexico border in Eagle Pass, Texas, according to officials.

“Texas Gov. Greg Abbott directed state agencies … to begin placing large storage containers end to end at low-level water crossings to physically block any illegal immigrants from entry,” Renae Eze, Abbott’s spokeswoman, said in an email to...

https://www.freightwaves.com/news/texas-filling-border-barrier-gaps-with-shipping-containers

Renewable diesel: Environmental and economic sustainability meet head-on

Neste's renewable diesel is providing cost and emissions savings for customers.

A clear, odorless drop-in fuel has the potential to provide fleets with greenhouse gas emissions savings without having to fork out extra funds for new vehicles with high upfront costs.

Renewable diesel is produced using sustainable and renewable raw materials, including used cooking oil, technical corn oil and fish fat. These waste products that are at the end of their first useful life can be processed into a liquid fuel that provides more consistency than biodiesel, Matt Leuck, technical...

https://www.freightwaves.com/news/renewable-diesel-environmental-and-economic-sustainability-meet-head-on

ENERGY Transportation Group in top 2% of carriers operating sustainably

Supply chains sustainability trends continue despite the pandemic, according to a report.

Since last Sunday, 39,000 world leaders, diplomats and climate change constituents have flocked to Glasgow, Scotland, for the COP26 climate summit. Amid the logistical hiccups of COVID-19 protocols and restrictions, nations are pledging to reduce emissions, as well as move beyond coal and deforestation. The global financial industry announced the availability of $130 trillion to finance net-zero-emissions projects for both nations and private organizations. 

For many organizations, especially in...

https://www.freightwaves.com/news/energy-transportation-group-in-top-2-of-carriers-operating-sustainably

Federal appeals court puts vaccine mandate on hold for now

Transportation industry on edge over potential vaccine mandate

The U.S. Court of Appeals for the Fifth District issued an emergency stay Saturday on the enforcement of the Biden administration’s COVID-19 vaccine mandate..

The appeals court questioned the constitutionality of the mandate in its decision.

“Because the petitions give cause to believe there are grave statutory and constitutional issues with the Mandate, the Mandate is hereby STAYED pending further action by this court,” a court document read.

The Department of Labor and Occupational Safety and...

https://www.freightwaves.com/news/federal-appeals-court-puts-vaccine-mandate-on-hold-for-now

Why track revenue per loaded mile excluding fuel surcharges?

The metrics that matter to carriers

For truckload carriers, revenue per mile, sometimes referred to as rate per mile, is viewed as a proxy for rates.

The base calculation is simple: total revenue divided by the number of miles driven. The per-mile number for dry van loads typically ranges from $1.50 to more than $3 depending on capacity tightness in the market. When capacity is constrained and demand is high, it’s no longer uncommon to see general freight categories exceed the $3 mark on a per-mile basis.

A better way to view the...

https://www.freightwaves.com/news/why-track-revenue-per-loaded-mile-excluding-fuel-surcharges

Breaking: Congress approves $1.2 trillion infrastructure bill

A historic, $1.2 trillion infrastructure package that folds in a reauthorization of the highway bill for the next five years — including a load of new provisions that affect trucking — is finally headed to President Joe Biden’s desk for signing.

After months of political gamesmanship between the progressive wing of the Democratic party in The House of Representatives and conservative Democrats in the Senate – both trying to use leverage to affect passage of the related budget reconciliation bill...

https://www.freightwaves.com/news/congress-approves-12-trillion-infrastructure-bill

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