UPS places big order for renewable fuel in bid to hit ambitious sustainability target

“UPS Inc. (NYSE:UPS) said May 22 that it placed the largest order for renewable natural gas (RNG) in U.S. history with the purchase of 170 million gallon equivalents of the alternate fuel over the next seven years”. -According to article in freightwaves.com and its author Mark Solomon

Read full story HERE

Source and credits : freightwaves.com / Mark Solomon, Managing Editor

“For the freight market, 2019 has been shaping up to as a tug of war between the bulls and the bears. The large enterprise carriers that rely heavily on committed business (commonly referred to as “contract business”) have been enjoying a decent year, while the small carriers that are heavily exposed to the transactional spot market have been faced with a very tough market”. According to Craig Fuller, CEO at FreightWaves

Fuller also wrote – “Meanwhile, spot rates have dropped like a rock. From the June 2018 peak, trucking spot rates are down over 36 percent. Last year’s peak DAT national van rate hit $2.11 per mile and today sits at $1.36 per mile”.

Read full story HERE

Source and credits : freightwaves.com / Craig Fuller, CEO at FreightWaves

 

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