Category: Industry News
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Diesel Price Update and Ways to Improve Fuel Efficiency
The current average diesel price in the United States is $5.35 per gallon. Market analysts expect prices to stay above the current price until early 2023 when we could see a decline in price as per usual trends. One factor playing a role in the price predictions is the Strategic Petroleum Reserve and changing policy […]
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Diesel Market Outlook Might Not Be As Bad As it Seems
Recent reports that the US currently has a 25-day supply of diesel fuel (the lowest level since 2008) have caused alarms for many people who work in the industry. But it may not be as bad as the media is making it seem. Consider the table below: As much as 15 million barrels of crude […]
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The Tesla Semi Truck is Officially Here
Finally the Tesla Semi Truck, with a range of 500 miles, will be shipped this year, according to a tweet from Tesla’s CEO, Elon Musk. Tesla Semi Truck’s Background Information To move industries away from heavy reliance on fossil fuels, Musk introduced the prototype of the Tesla Semi Truck in 2017. With its production starting in […]
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Can Trucking Companies Survive a Freight Recession
Before we know if Trucking Companies can survive a freight recession, let’s break down the different types of freight carriers that commonly operate in the US. Trucking companies, also known as ‘motor carriers’ are responsible for transporting large amounts of goods over land from one place to another. As the name suggests, the trucks (aka […]
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4 Ways the FMCSA is Making Highways Safer
With fatal truck accidents being on an uptrend in recent years, there is a lot of pressure to create systems that can reduce the overall number of accidents on our nation’s highways. The FMCSA has taken several steps to help reverse the trend but there is still a lot that could be done to reduce […]
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Importance of the Trucking Industry in Today’s Fast-paced World
The advancement of the modern world has significantly and surprisingly changed how many companies conduct business, and the trucking industry is no exception. It is quite noticeable that the overall trucking industry and the variety of new people entering the market have seen a big shift in the past few years, which has caused major […]