FreightCasts

Fuel – and its constantly gyrating price movements – is one of the three biggest costs for carriers, and it obviously also impacts what shippers pay. But, many buyers of fuel are completely unaware of what causes price fluctuations – for anyone that buys millions of gallons / year of fuel, that’s a detriment. Understanding seven basic rules of fuel buying can go a long way toward being able to become a smarter buyer of fuel, and add to bottom line profits. For the afternoon, your host will be Scott Berhang – a 40 year veteran of the fuel industry who put hundreds of fuel buyers through his fuel buying classes. Scott will teach attendee what he calls the “Five Rules of Fuel Buying.”

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Zach and Anthony bring on Mike Baudendistel to get a rail report. Will the congestion issues and limited chassis availability around the ports and ramps continue to limit capacity. Also an update on the Canadian Pacific KC rail merger.

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Jeremy Reymer, Founder & CEO of DriverReach, speaks with Ryan Streblow, President & CEO of National Tank Truck Carriers about his work at the NTTC, what's happening in the tank hauling segment at large, and some of the unique challenges tank carriers face in the driver recruiting and retention space. 

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Renewable diesel is the hot new fuel among U.S. refiners. Powered by various government benefits and breaks, refiners are converting units to make the fuel that is a "drop-in" substitute for regular diesel. In this chat, noted refining expert John Auers, EVP of Turner, Mason & Co, will discuss the ins and outs of making and using this fuel. He is joined by FreightWaves Executive Editor and Oil Market Expert, John Kingston.

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Fuel buyers tend to shut down, or blank out when the topic turns to “hedging” fuel costs. But, it’s really not that complicated. Elaine Levin, President of Powerhouse, has been in the futures markets for early thirty years, and has taught her own Fuel Hedging Class that has had more than two thousand attendees. When it comes to explaining plainly and simply why hedging for anyone who buys bulk fuel – especially carriers – is critical, it’s Elaine. We’ll get her to answer the basic questions, and also get her take on what is going to drive fuel prices in the next several months. She is joined by Director of FreightWaves Academy, Scott Berhang.

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As fuel pricing mechanisms become more complicated, technology is playing a bigger than ever role of in helping to manage the traditional process of fuel buying. Now, technology for “Best Buy” systems and accounting management are becoming more and more widely used. But, there are key differences in what the technology can do. If you consume millions of gallons / year in fuel, and have a small group of people doing the buying, you cannot miss this session. Co-Founder and CEO of FuelHub, Don Thibodeaux, is joined by Director of FreightWaves Academy, Scott Berhang.

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Remote tank monitoring adoption is growing globally by 37% per year. And while the distributor has generally been the purchaser of the monitors for their own delivery efficiency, bulk fuel buyers now realize that monitoring their own inventory provides a host of benefits not realized otherwise. In this session, we will discuss the technology surrounding remote tank monitoring, and how it can help bulk fuel buyers: receive fewer deliveries with more gallons per delivery; maintain accurate inventories; manage delivery costs; ensure safety; centralize purchasing….and more! This is a do not miss for the fuel buyer who needs to eliminate hidden costs from delivery to consumption. SkyBitz Vice President of Sales, Ken Moore, is joined by FreightWaves Executive Publisher in this fireside chat.

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There is probably no single issue in today’s fuel markets that perplexes and challenges fuel buyers and sellers more than Carbon reduction initiatives – also known as LCFS (low carbon fuel standard). Not only does this affect refiners and fuel distributors, but it also has a big impact on the price at the rack, and at the retail level. Both rack and retail prices have a huge effect on carrier’s fuel prices. To break down and explain clearly how all these regulations work, we’ve brought on Megan Boutwell, COO of Stillwater Associates, one of the most respected experts in the field of LCFS and emissions reductions. Megan knows the huge impact of this, and has the ability to break it down and explain it clearly and simply. She is joined by Director of FreightWaves Academy Scott Berhang.

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