Truckstop.com, in partnership with FTR, has introduced the Rate Forecasting tool, which is designed to project spot market rates using historical paid rate data.
Final government forecasts for diesel, gasoline and oil prices before 2017 gets underway are in with two of the three calling for double-digit percentage hikes compared to this year.
The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) market is expected to grow by more than 10% a year over the next six years due to the increase in population and urbanization, a growing demand for passenger and commercial vehicles, and stringent emission control regulations, according to a new forecast.
A new fuel price forecast from the U.S. Energy Department shows little change from expectations a month ago for the price of diesel, but the outlook for gasoline has moved a little higher.
Commercial fleets will register a lower growth percentage of medium- and heavy-duty trucks in 2016, but feed strong demand for aftermarket parts, according to a new forecast from IHS Automotive.
Although the largest operating cost continues to be fuel, the No. 1 challenge facing medium-duty truck fleets is cost containment. There is always pressure to reduce costs, but management is exerting even more pressure than in recent years.
Freight volumes are projected to grow nearly 29% over the next 11 years, according to a report released by American Trucking Associations.
The U.S. Energy Department has raised its expectations for fuel prices, according to the latest Short-Term Energy Outlook issued on Tuesday.
Despite the first upturn since November in average diesel prices this week, expect prices to move slightly lower at least for a while longer, according to the U.S. Energy Department and its latest Short-Term Energy Outlook released on Wednesday.
In the wake of diesel prices falling from an average of more than $4 per gallon nearly a year ago the U.S. Energy Department's Energy Information Administration has lowered its price forecast from last month’s prediction.
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