Oil falls as evidence points to rising global supply

Oil fell on Monday, adding to heavy losses at the end of last week due to rising drilling activity in the United States and no let-up in supply growth from both OPEC and non-OPEC exporters. Prices dropped even as OPEC signaled it may widen its production caps to include Nigeria and Libya, whose output has recovered in recent months after being curtailed by years of unrest. The Organization of the Petroleum Exporting Countries has agreed with some non-OPEC members to curtail production until March 2018 but the move has failed to eliminate a global glut of crude.

Sometimes less really is more

By now we hope you have heard about our cross-country roadshow showcasing real fleets, hauling real freight on real routes.

We are looking forward to the September kick off of Run on Less so that we can demonstrate that with a combination of technology investments and good driving practices trucks can achieve fuel economy above 6.4 MPG (the national average). During the Run we are hoping average MPGs of all seven drivers will reach 9.

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TMW Systems’ Leonard recognized during Global Technology Event

Timothy Leonard, executive vice president, operations and technology for TMW Systems, was recognized as 2017 “Data Visionary” in the Americas Data Heroes Awards program sponsored by Hortonworks.

The award was presented in San Jose, CA, in conjunction with the DataWorks Summit/Hadoop Summit, an annual technology conference focused on big data best practices.

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Highlight opens terminal in Los Angeles area

Highlight Motor Group Inc. announced that its Highlight Motor Freight USA division has opened a terminal in La Mirada, CA, to provide consolidated less-than-truckload and full truckload service between Canada, the Eastern U.S., and the Los Angeles area.

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Penske secures new contract with Detroit Diesel Corporation

Penske Logistics announced it has been awarded new business with Detroit Diesel Corporation to support the company's engine, transmission and axle supply chain operations in Redford, MI.

Penske will provide warehousing and dedicated contract carriage services for the inbound portion of their operations, which includes sequencing and kitting operations. On the outbound logistics side, Penske will manage a NAFTA consolidation center.

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Facebook Is Slashing the Price of Oculus Rift VR Headset Again

Will virtual reality look more attractive to consumers if its $200 cheaper?

Oil prices dip on ample supply as OPEC may consider widening cap

Prices dropped even as OPEC signalled it may widen its production caps to include Nigeria and Libya, whose output has recovered in recent months after being curtailed by years of unrest. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $46.21 per barrel at 0936 GMT, down 50 cents, or around 1 percent, from their last close. The Organization of the Petroleum Exporting Countries has agreed with some non-OPEC members to curtail production until March 2018 but the move has failed to eliminate a global glut of crude.