08 Jan US Eagle Ford Growth Seen Stalling in 2019 on Lower Prices Drillers in the Eagle Ford, a Texas shale oil patch, likely will scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS. Read more...
08 Jan Oil Extends Longest Rally in 17 Months as Supplies Seen Tighter Oil extended its longest run of daily gains in 17 months on renewed efforts by the U.S. and China to reach a trade deal, and expectations the market will be tightened by OPEC’s output cuts. Read more...
08 Jan Beth Hendriks Named New Technology Chief at MercuryGate MercuryGate International Inc., an SaaS-based transportation management system solutions provider, has named Beth Hendriks its new CTO. Hendriks will begin on Jan. 14. Read more...
07 Jan Diesel Average Drops 3.5¢ to $3.013 a Gallon The U.S. average retail price of diesel dropped 3.5 cents to $3.013 a gallon, the U.S. Energy Information Administration reported Jan. 7, even as crude oil prices saw some renewed vigor and approached $50 per barrel. Read more...
07 Jan Trucking Industry Expected to See Slower Growth in 2019 After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say. Read more...
07 Jan Savage Inland Marine Acquires Assets of Progressive Barge Line Savage Inland Marine has acquired the assets of Progressive Barge Line, according to a Dec. 28 press release. Read more...
07 Jan Capitol Agenda for the Week of Jan. 7: The DeFazio Era Begins Oregon Democrat Peter DeFazio was first elected to Congress in 1986. Now as the chairman of the Transportation and Infrastructure Committee, will he be the one to orchestrate an infrastructure funding plan? Here's the week ahead for trucking on Capitol Hill. Read more...
07 Jan Gryphon Investors Buys Majority Stake in Nolan Transportation Group Private equity firm Gryphon Investors added to its logistics portfolio with the purchase of a majority stake in Atlanta-based freight broker Nolan Transportation Group for an undisclosed amount. Read more...
07 Jan Midwest States Launch Program to Address Truck Parking Issues A group of eight Midwestern states has launched a system to inform truckers about parking availability along interstate highways. Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Ohio and Wisconsin launched the Trucks Park Here program. Read more...
07 Jan OnDeck to Offer Equipment Finance Loans OnDeck, an online lender for small businesses, has announced that it will begin offering equipment finance loans in 2019. Read more...