How to Keep Your Trucking Fleet as Profitable as Possible

Trucking fleet lined up

Trucking is the business lifeline of America. This enormous country of ours depends on moving goods from factories to shops, from producers to consumers, and from shipping to lading. Ships and trains can only go so far, which means that all industries need trucking fleets to remain profitable.

IMO 2020

aerial of red gas tanker on green ocean

IMO 2020 provides projected changes in product prices, gives insight into what refiners can do to change their configuration, and discusses the available shipper options.

Market Prices Remain Best Arbiter of Oil Production Levels

Sunrise in oil field Pumpjack Silhouette

While the heads of the world’s largest oil producing nations were quick to claim a diplomatic victory following the latest OPEC+ output cut agreement, crude prices are telling a different story. Prompt month Brent and WTI futures contracts are now trading nearly 20% lower from their early April highs, both returning to a super contango forward curve price structure following the conclusion of the OPEC+ meeting.