John Kingston
Editor at Large and Co-Host at FreightWaves
Host, Drilling Deep with John Kingston at FreightWaves
Editor-at-Large, @FreightWaves; knows some oil; ex-Platts editor. Writing trucking and other stuff; FreightWaves archives at https://t.co/5JZOoRpJnw #isles 4ever
Articles
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3 days ago |
freightwaves.com | John Kingston
Relay Payments has launched providing its payment services to maintenance, tires and repairs with the announcement of three new partnerships. The trio of repair and maintenance businesses that now accept payments through Relay are Southern Tire Mart at Pilot (which is a joint venture between the tire provider and the giant travel stop operator), Boss Truck Shops and AMBEST Service Centers. Southern Tire Mart at Pilot (STMP) has more than 75 locations.
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4 days ago |
freightwaves.com | John Kingston
The benchmark price used for most fuel surcharges has hit its highest level in almost a year, just as oil prices in futures and physical markets are pushing against conventional wisdom by making a major retreat from their recent high levels. The Department of Energy/Energy Information Administration average weekly retail price soared 20.4 cents/gallon Monday, announced Tuesday, to $3.775/g. The price is now at its highest level since July 22, 2024, when it was $3.779/g.
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5 days ago |
freightwaves.com | John Kingston
Oil markets opened higher Sunday evening U.S. time following the military strike on Iran by the Trump administration, but the size of the increase was considered somewhat underwhelming compared to the more apocalyptic predictions heard prior to the attack. However, from the perspective of the trucking industry, it was the continued strength of diesel compared to crude and gasoline that might get the greatest amount of attention.
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1 week ago |
freightwaves.com | John Kingston
The battle over California’s ability to craft its own environmental regulations through the pathway of waivers from the Environmental Protection Agency was the background of an issue the Supreme Court ruled on Friday, but the high court’s ruling was more procedural than substantive on regulatory lawmaking.
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1 week ago |
freightwaves.com | John Kingston
Indictments were handed down by a California grand jury last week against a gang of accused thieves who targeted trucks delivering everything from jewelry to electronics over several months in 2022. The jewelry heist was worth more than $100 million, according to the indictment.
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Bearish news this week: OPEC+, pushed by the Saudis, is going ahead with more output in July and will likely to continue that trend. Bullish news: Canadian wildfires hitting #oil output, big drop in U.S. crude inventories were more than expected. You can see how #diesel reacted. https://t.co/VcRvBi2TcS
RT @freightcaviar: Coyote logo got replaced with the RXO logo last week in Chicago on I-294. https://t.co/WdRgq7mXvQ
I had to check and double check the data a few times, because it was really hard to accept. But the BLS numbers in #trucking transportation in the latest #NFP show employment levels this year above last year, first time that has happened since April 2023. https://t.co/LmoTC2QLUW