It’s a new year and a new decade, time to establish your fuel budget for the new year! Is your business the type that relies on a set budget for distillates or gasoline? Do you look to protect your costs in a volatile market? Around this time last year, we experienced a significant drop followed by a quick recovery on distillate prices. What will happen in 2020?
After many scattered rumors, today brought the official news of yet another major trucking outfit closing their doors. Celadon Group, the owners of about 3,300 tractors and 10,000 trailers announced that they would be filing for Chapter 11 Bankruptcy Protection. This brings an immediate end to the 34 year run of the Indianapolis, Indiana trucking firm. More importantly, the news of Celadon’s closure will put nearly 4,000 employees out of work.
Is November 13th too early for a severe cold snap? For those waking up to a 12 degree morning here in the Pittsburgh area, the answer would be yes. It would be yes, yes, and yes for more than a century of consecutive years as today marks the coldest day in Pittsburgh history for November 13th since 1911. With wind chills in the single digits, we imagine that those reading this thought of winter additive when they walked outside this morning.
So far this fall has brought us near record highs in parts of the Northeast, with some areas breaking through 90 degrees. Leaving many to feel that we may continue to have a warmer fall and maybe even a milder winter. However, if you take a look at the forecast we could start to see a drop rather quickly. With next week’s forecast showing evening temperature drops to the low 40’s, we could see the need for winterized fuel approach sooner rather than later.
Who likes to share their thoughts? Do you like to express your opinions out loud? Well if you’re in the transportation industry, then the Federal Motor Carrier Safety Administration (FMCSA) wants you to do just that! Recently the U.S. Department of Transportation proposed the much anticipated changes to the hours of service rules. The aim is to increase truck drivers’ flexibility while on the clock, and with drivers being the main subject, the FMCSA wants to hear from them!