If you had doubts that the Variant initiative at US Xpress was dead, look for the word Variant in the company's most recent earnings report or supplemental slide show. You will not find it. Seven weeks after CEO Eric Fuller told analysts on a conference call that U.S. Xpress was...
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Owners of crude tankers see dollar signs as the Russia ban approaches.
The European Union's ban on Russian crude imports is now less than five weeks away. As the clock approaches the December 5 deadline, crude tanker owners expect trade disruptions caused by the Russia-Ukraine conflict to worsen, pushing spot rates even higher. On Thursday's quarterly call, Brian Gallagher, head of investor...
Diesel inventories on ‘fumes’ rise, according to a report.
CHATTANOOGA, TENNESSEE — According to an Energy Information Administration report released the same day that a leading energy risk management executive said the market was "running on fumes," diesel inventory levels rose last week. "That is a problem for everyone who needs to put it in the truck and burn...