Transport Topics
IEA Sees Oil Glut Through 2016 After Reaching 17-Year High
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The global oil glut will last through 2016 as the strongest demand growth in five years and faltering supply fail to clear the surplus, according to the International Energy Agency.
DOE Lowers 2015 Diesel-Price Forecast 13¢ to $2.73
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The Department of Energy lowered its 2015 forecast for U.S. diesel prices 13 cents to $2.73 a gallon and its 2016 projection by 23 cents to $2.81.
Werner Founder Takes Reins Again
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The founder of Werner Enterprises, Clarence "C.L." Werner, was re-elected chairman as his son, Gary, stepped down from the position to spend more time with his family, according to the company.
Cass Freight Index Shows Decline in July Shipping Activity
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The Cass Freight Index, a measure of shipping activity in trucking and other transportation modes, declined in July, keeping in line with seasonal patterns, Cass Information Systems said.
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