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Oil Pump and Oil Barrels on Saudi Arabia Map

Oil prices likely to surge at Sunday’s opening after a drones attack on Saudi Arabia refinery

After months of overall stability in the market for oil, prices are almost surely going to go on a roller-coaster when global markets open at 6 p.m. Eastern time on Sunday, September 15.According to the article from the freightwaves.com and its author John Kingston A drone attack on numerous Saudi oil facilities–including a possible attack on the Shabya field, one of the country’s largest, and the key processing facility at Abqaiq–was possibly carried out by Houthi rebels who are in a battle wit

Long Haul Trucker

It's a Truckers appreciation week, so let's appreciate them

Mario Pawlowski CEO at iTrucker Truckers appreciation week is a good time to remind the nation how important the truck drivers are. There are more than 3.6 million truck drivers in the US, according to the American Trucking Association (ATA). Out of those, there are more than 1.7 million tractor-trailer drivers, according to the U.S. Bureau of Labor Statistics. There are about 600,000 over the road (OTR), long-haul truck drivers, according to various sources. While all truck drivers are very har

FMCSA-Hours of Service

Insurance group cautions against FMCSA’s Hours of Service changes proposal

Federal regulators and a group representing auto insurers are backing conflicting data on the safety implications of new potential hours-of-service (HOS) exemptions for short-haul drivers. According to the article from the freightwaves.com and its author John Gallagher The nonprofit Insurance Institute for Highway Safety (IIHS), which promotes motor vehicle crash safety and is backed by most major vehicle insurance companies, contends that the HOS changes proposed by the Federal Motor Carrier Sa

Daimler-Autonomous-Testing

Daimler begins Level 4 autonomous trucks testing on public roads

Daimler Trucks is testing high-automation trucks on public roads in Virginia, following through on a pledge to make Level 4 automation a reality this year. According to the article from the freightwaves.com and its author Alan Adler The subsidiary of Stuttgart, Germany-based Daimler AG accelerated its testing efforts through the purchase of 13-year-old software provider Torc Robotics in March. Daimler plans to commercially produce heavy-duty trucks that can drive themselves in most situations wi

uscg-pic-2

Cargo vessel capsizes off Georgia, search for crew continues

The roll-on, roll-off cargo vessel Golden Ray capsized early Sunday morning, Sept. 8, in St. Simons Sound after departing from the Port of Brunswick, Georgia.According to the article from the freightwaves.com and its author Todd Maiden According to the U.S. Coast Guard (USCG), 20 crew members have been rescued and four remain missing, with a search underway. As of the last report, the vessel was on fire. “The vessel’s master and chief engineer are assisting authorities and salvage teams to devel

dorian_nova_scotia_transport

Weakened but stil dangerous, Dorian reaches Canada

The remnants of Hurricane Dorian battered southern Nova Scotia as the downgraded but still dangerous storm left 300,000 people without power, felled trees and dramatically brought down a construction crane in the downtown of the port city of Halifax. According to the article from the freightwaves.com and its author Nate Tabak, Canada Correspondent The core of the storm, now classified as a “very intense post-tropical system” by the Canadian Hurricane Centre sat just south of Halifax as of 7:15 e

Truck and trailer

Pivotal days ahead for the bill that could wipe out California owner-operators

Still in the works in the California legislature is a bill that trucking groups say will likely kill the leased owner-operator model in the state, though time is waning for the state’s lawmakers to clear the legislation this year. According to the article from the overdriveonline.com and its author James Jaillet "The California legislature has a little more than a week — until Sept. 13 — to pass the bill this legislative session. Otherwise, the legislation would be on hold until next year. The b

iTrucker: Freight trucks

Trucking utilization improves while prices remain suppressed

Like a heartbeat on an echo-cardiogram after a flat-line, trucking has found a pulse. After months of underperformance compared to 2018, volumes finally showed growth from a year-over-year perspective in August. Unfortunately for carriers, these volumes did not translate to a significant increase in transportation prices, which would be well-timed leading into the upcoming bid season that typically occurs in the last few months of the year into January when many shippers place their transportati

Hurricane Dorian

Hurricane Dorian tormenting Carolinas with flooding and tornadoes

Hurricane Dorian, now Category 2 storm, is lashing South Carolina coast, with rain and sustained winds of up to 110 m.p.h. By Thursday evening, Hurricane Dorian was about 45 miles from Myrtle Beach, S.C., slowing down as it moved northeastward up the East Coast, according to the National Hurricane Center. While the eye of the storm is still on the open sea, there is possible that it could make landfall on the North Carolina shore on Friday.According to SONAR , the current speed of the hurricane

Lenders tighten credit standards for owner-operator truck purchases.

Class 8 truck orders down nearly 80 percent compared to August 2018

Preliminary orders for Class 8 trucks fell about 80 percent compared with August 2018’s record orders. All eyes are on the fall months to see how soft the market for new equipment will be. According to the article from the freightwaves.com and its author Alan Adler Orders fell for the tenth consecutive month, one factor in a trucking sector recession as the SONAR chart shows. “The huge orders in 2018 supported the robust production last year and through much of 2019,” said Don Ake, vice presiden