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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1 week ago |
freightwaves.com | Eric Kulisch |Caleb Revill |Todd Maiden |John Kingston
Stay Up to Date on the Parcel IndustryUnlike freight shipping, which moves goods in large quantities (whole truckloads or shipping containers, for example), parcel shipping moves individual goods essentially one at a time (usually by truck or plane). While both focus on the movement of goods, transportation methods, level of service, and cost can be very different between the two services.
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1 week ago |
freightwaves.com | John Kingston
The benchmark retail diesel price that is the basis for most fuel surcharges had its second-largest one-week slide this year. The weekly Department of Energy/Energy Information Administration price declined 6 cents a gallon Tuesday to $3.579. Only a 6.2-cents-per-gallon decline on March 3 has been larger in 2025. So far this year, the DOE/EIA price has risen 10 weeks and fallen five. Since the final price of 2024, the benchmark is up 7.6 cents.
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1 week ago |
freightwaves.com | John Kingston
A New Jersey woman has pleaded guilty to stealing roughly $4 million from her employer, a trucking company, to fund her gambling habit. Jeanette Avellan pleaded guilty to charges involving theft from West End Express, based in South Brunswick. The company’s website describes it as a truckload carrier and drayage provider. Avellan pleaded guilty to second-degree theft of movable property, third-degree failure to pay income taxes and third-degree filing a fraudulent tax return.
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1 week ago |
freightwaves.com | John Kingston
SAN ANTONIO – In the midst of an industry meeting of freight brokers who talked about freight fraud at every opportunity, Kendra Tucker made an interesting observation: She knows of no fraud perpetrators who ever found themselves in handcuffs.
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1 week ago |
freightwaves.com | John Kingston
SAN ANTONIO – What became obvious in more than three hours of legacy companies and wet-behind-the-ears startups touting technology solutions for 3PLs at the Transportation Intermediaries Association’s meeting is that artificial intelligence is absolutely real right now, and one of the next battles will be over what might be called the last mile of technology.
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Even with the big selloff in stocks today, so far there are no #logistics or #trucking stocks that have hit new 52-week lows, as yesterday's surge has not been wiped out. Biggest percentage loser at almost 2 pm Eastern is $ARCB, down 10.8%. https://t.co/iHYCAhnAS9
Low for the day on the ultra low sulfur #diesel contract on CME was $1.9373/g. The high was $2.1345. The settle was $2.0384. Imagine trying to set wholesale prices after going through that. And wholesale prices beget retail prices. Good luck in forecasting fleet fuel costs. https://t.co/BGBRFzdlLs
At about 7:25 a.m. Eastern, ultra low sulfur #diesel on the CME was trading at about $1.966/gallon, down about 9.1 cts/g from the prior day, or about 4.4%. If it settles there, it's the lowest settlement since 5/3/21 settle of $1.9519/g. Retail prices have a long way to fall. https://t.co/K1n2zQov3Y