CNBC Gas prices have jumped more than 8 cents in the last week as the Colonial Pipeline shutdown disrupted a crucial artery in the U.S. petroleum industry. The company said it began to restart operations around 5 p.m. ET Wednesday evening, and said Thursday morning that “product delivery has commenced in a majority” of markets. Colonial Pipeline is aiming to
From Reuters Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network. Canadian Natural’s letter to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge’s proposal to switch
USPS Testing Series of 1,000-Mile Mail Hauling Trips From CCJ The United States Postal Service (USPS) has contracted with autonomous truck startup TuSimple on a series of 1,000-plus mile trips, hauling mail between the Postal Service’s Phoenix, Ariz. and Dallas, Texas distribution centers. Equipped with a network of lidar, radar and cameras that enable SAE Level 4 autonomous driving, each truck will
From CCJ When Jeff St. Pierre’s search for a national provider for towing services turned up empty, he decided to start his own company, The Towing Network (TTN), in 2009. The business was launched from a meeting in Orlando where St. Pierre presented a plan to the owners of the nation’s 10 largest tow truck and recovery service companies. He
Freight industry battles driver turnover at 90% From CCJ With driver turnover rates bumping 90 percent last year, shippers could find only one available truck for every 12 outbound loads — the lowest ratio in 13 years, according to DAT Solutions. As carriers fight for enough humans to keep trucks moving, the evolution of automation has put truck driving in an
Oil and gas investment in politically risky British Columbia Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) announced an acreage buy in British Columbia’s Montney play. ConocoPhillips Company acquired about 35,000 net acres in the Montney play
Canada is hurting for takeaway capacity—the industry needs pipelines to take its oil and gas production to market, or more locomotive hauling capacity—or both. Cenovus Energy Inc. (ticker: CVE) said it has reduced production rates due to pipeline constraints and a lower price for Canada’s oil. Cenovus is storing excess barrels in its reservoirs due to wider than normal light-heavy
New truck engine reduces NOx emissions to near zero – 90% below current limit There are a lot of trucks required to transport freight, containers and other cargo around a port. One of largest drayage trucking companies in the Ports of Los Angeles and Long Beach has begun using one of the first Cummins Westport (CWI) ISX12 G low NOx natural gas engines
Expects 2015 Net Debt to be Reduced by $3.0 Billion – 50% higher than expected. Calgary-based Encana Corporation (ticker: ECA) is leaving behind its second United States shale play since August, selling its Denver Julesburg assets for $900 million. The company is just six weeks removed from selling the entirety of its Haynesville acreage for $850 million. The aggressive divestures
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