Monday Support and Resistance Levels – August 14, 2017

Daily Market Forecast, August 14, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

USD/JPY: Yen Weaker Against U.S. Dollar The Yen has lost some value against the U.S Dollar early this morning and is near the 109.50 mark. Economic data from Japan this morning showed better growth than expected. And geo-political tensions between North Korea and the U.S have cooled down for the moment. The Yen may present … Continue reading Daily Market Forecast, August 14, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD


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Ryder Named Exclusive Sales Channel and Service Provider for Chanje Energy

<img width="150" src="http://www.automotive-fleet.com/fc_images/news/m-chanje-front-34-2.jpg" border="0" alt="

Chanje's V8070 is a Class 5 that promises to haul up to 6,000 lb of payload and 580 cu-ft of cargo space at about 50 MPGe fuel economy in city and highway driving. Photo: Chanje

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Chanje's V8070 is a Class 5 that promises to haul up to 6,000 lb of payload and 580 cu-ft of cargo space at about 50 MPGe fuel economy in city and highway driving. Photo: Chanje

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Ryder System will become the exclusive sales channel partner and service provider for Chanje, a new California-based medium-duty electric vehicle and energy services company. Ryder will take delivery of its first Chanje vehicles in the coming weeks. These units will be distributed to Ryder locations in strategic U.S. markets and be available for ChoiceLease customers. A portion of the order will be added to Ryder's commercial rental fleet so that customers can experience Chanje's advanced vehicle technology on a short-term basis.

Chanje announced last week that it was about to enter the U.S. electric Vehicle market with a Class 5 panel van says can be economically produced at a scale and price not previously possible.

“We believe electric vehicles will play a major role in the future of commercial transportation and we are proud to partner with Chanje to bring an all-electric medium duty vehicle to market,” said Dennis Cooke, President, Global Fleet Management Solutions for Ryder. “Through our strategic partnership, Ryder and Chanje will collaborate to promote energy efficiency and innovation in the industry. Chanje offers an innovative product that will help reshape the industry by making commercial electric vehicles more affordable, reliable, and accessible.”

Ryder will also offer a combination of comprehensive and preventive maintenance solutions as part of its SelectCare fleet maintenance portfolio.

“As we bring commercial electric mobility to American fleets at a meaningful scale for the first time in history, we need the right partner who can provide the breadth and expertise required to accelerate the entry of these vehicles into the market,” said Bryan Hansel, founder and CEO of Chanje. “Ryder's mission ...Read the rest of this story

Oil prices slip on Chinese demand concerns, rising U.S. activity

Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in U.S. drilling capacity could deepen a global supply glut. Chinese refineries processed 10.71 million barrels per day (bpd) in July, National Bureau of Statistics (NBS) data showed, down around 500,000 bpd from June and the lowest rate since September 2016. Analysts said the drop was steeper than expected, exacerbating concerns that a glut of refined fuel products could weaken Chinese demand for oil.


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Inside the in.sight conference and expo

Packed with over 350 educational sessions and 80 exhibitors, the three-day 2017 PeopleNet-TMW Systems user conference and exposition - dubbed "in.sight" - took place at the Gaylord Opryland Hotel outside Nashville, TN. The event included access to the "in.sight lab," where users could test out a variety of PeopleNet and TMW transportation system offerings. Some live country music added a festive air to the expo hall as well. (All photos by Sean Kilcarr/Fleet Owner)

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