As WTI crude climbs towards $70 a barrel, many are wondering if prices will continue their ascent.
The US economy is growing and so is the population, both of which are leading freight companies of all types to see increased growth in the number and weight of goods shipped around the country. Truck load (TL) freight volumes increased 2.8% in 2017 over 2016 which is far higher in comparison to 2016 versus 2015. Fourth quarter of 2017 for TL alone was at 7% growth year over year.
Most of you have probably seen or heard of driverless vehicles by now. For those of you that have, it’s no secret that companies such as Uber and Tesla are on the public forefront for this “technology of the future.” What you may not know is that there are multiple companies who are quietly developing their own brand of autonomous vehicles. For example, Google’s “Waymo” and companies such as Peterbilt and Volvo Trucks have been developing their own driverless technologies.
China has responded to the Trump administration’s recently implemented tariffs on steel and aluminum with tariffs on imports of 128 American made products that range from 15% to 25%. The list of products are wine, frozen pork, nuts, fruits and aluminum scrap. Not on the list, U.S. crude.