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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...
General Overview of Driver Trends and Hiring
According to payroll data issued by the U.S. Department of Labor, the number of trucking jobs decreased by 11,400 in September. Making it only the 3rd month since the pandemic that there were negative job posts. Seasonally adjusted Labor Department figures show that...
State of the Diesel Energy Markets & Contributing Factors
Diesel typically represents the largest single category of spending for transportation businesses. As a transportation fuel, diesel provides various benefits: better efficiency, performance, and safety. While maintenance and repair are necessary costs, an increase in...
Trucking Companies and the 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...