Gas price national average might soon hit $5 mark
SUBSCRIBE TO THE DAILY
-
SUBSCRIBE TO THE DAILY -
Good morning. Happy hump day. Have you filled up at the pump this week yet? ⛽️ Odds are, you probably have… and it felt a little more painful than ever before.
With Memorial Day weekend right around the corner, increasing gas prices are expected to continue. From the day Russia invaded Ukraine in late February, gas prices have now risen almost 30%. With the gas price national average just shy of $5, consumers in heavy-duty vehicles and two-seaters alike are biting their nails.
Check out today’s featured article from CNN Business for details on the gas spike and what could be in store for the nation battling extreme levels of inflation. ☕️
This Is Fine GIF via Giphy
Featured Article:
$5 gas could become widespread as prices hit another record | CNN Business
“Prices at the pump continue to shatter records ahead of Memorial Day weekend.”
Water Cooler Topics
🍼 Baby formula imports, incoming! The U.S. is asking that foreign formula makers - that usually do not sell their product in the country - begin importing the highly sought-after product across our borders. The FDC will require the formula-makers to meet a list of safety and nutritional standards.
🇨🇳 Tesla’s sales struggle to gain footing in China amid persistent lockdowns. A three-week shutdown of Tesla’s Shanghai plant was downplayed by CEO Elon Musk, but the company’s production and sales in April tell the story of a struggling electric car manufacturer. Tesla sold 1,512 Model 3s and Ys in April 2022 - this is a drop of 87% from a year ago and a steep decline of 98% from the 65,814 sold in March 2022.
⚡️Uber’s popular ride-sharing app is now offering a specification for an electric vehicle pick-up. This new feature is being rolled out in three California cities and Dubai. The company has said that it has plans to have an all-electric fleet of vehicles by 2030.
Electric car battery swapping: the new “fill up the tank”?
Photo by Possessed Photography on Unsplash
Battery swapping is all the rage in China, but Oslo, Norway is the first in Europe to house a new Power Swap Station.
Power Swap maintains that swapping out the entire battery instead of waiting to “charge up” will attract customers who have concerns regarding the range of electric cars (or those who hate waiting in line!)
Predicting employee turnover from a leadership perspective
Photo by Priscilla Du Preez on Unsplash
A whopping 47 million people quit their jobs in 2021. The unemployment rate was 3.6% in April 2022 11.5 million job openings were available in March alone. Your company’s leadership must maintain their top talent to keep the positions filled.
Inflation 💸
“Bezos stepped up his attacks on the White House on Monday.”
Ex-Goldman CEO says recession possibility is 'very high risk factor' | Fox Business
“Blankfein said some of the inflationary effects the economy is enduring now will be 'sticky’.”
Fewer Nuggets, Smaller Salads: Shrinkflation Hits U.S. Restaurants | 2022-05-17 | SupplyChainBrain
“Feeling a bit cheated when you look down at your plate? It’s not just a figment of your imagination — portions at U.S. restaurants are indeed getting smaller.”
Walmart profit dragged as inflation takes a bite | AP News
“Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.”
Inflation is challenging restaurants that survived the pandemic : NPR
“It was a lot of hard work, and a little bit of luck, that helped 34-year-old Joseph Charles steer his Boston pizza place through the worst of the pandemic.”
Electric Vehicles 🔋
How Much Does It Cost To Charge An Electric Car? (msn.com)
“There is so much buzz about electric vehicles and the imminent shift that will probably be unavoidable in the near future.”
Early Adopters Urge Carriers Not to Delay on Electric Trucks | Transport Topics (ttnews.com)
“Companies considering transitioning to electric trucking need to start now rather than continuously research the process or wait for a wider selection of vehicles from truck builders.”
Compliance 📋
5 Wheel-End Articles for Roadcheck Week - Maintenance - Trucking Info
“Proper wheel-end maintenance can prevent potentially deadly wheel-off incidents.”
Speed Limiters May Be on the Way | Material Handling and Logistics (mhlnews.com)
“Although backed by trucking companies, doubts persist regarding speeds.”
Officials hope to conduct 70K inspections for Roadcheck 2022 | Transport Dive
“The event will focus on wheel end components and provide an opportunity for executives to highlight proactive safety practices.”
Trucker’s Lounge 🧢
How to start a trucking career in oilfield services | Overdrive (overdriveonline.com)
“John McGee Trucking's trucks are all Macks and are mostly daycabs.”
Fuel ⛽️
Region Results Mixed, Leading to 1¢ Diesel Drop Nationwide | Transport Topics (ttnews.com)
“The national average price of diesel dipped after a two-week surge, dropping 1 cent to $5.613 a gallon, the Energy Information Administration reported May 16.”
Air Travel ✈️
Internet service on US airlines is about to get a lot better | AJOT.COM
“Fast, reliable Wi-Fi on a plane is as unlikely as sitting in a row with an empty seat. But the era of lost connectivity while airborne may be ending.”
Warehousing 📦
Storage Stages in Logistics - More Than Shipping
“Logistics is a very important element of our daily life. Many products consumed and used in daily life are transferred from one place to another through logistics.”
Ports 🚢
CMA CGM Launches Early Container Return Incentive (gcaptain.com)
“CMA CGM has announced plans to implement an industry-first incentive program designed to encourage the early return of empty containers and help exporters get the equipment needed.”
Shortages 🛒
US allows more baby formula imports to fight shortage - ABC News (go.com)
“President Joe Biden's administration has announced new steps to ease the national shortage of baby formula, including allowing more imports from overseas.”
Maintenance & Repair 🧰
Getting creative with parts management | FleetOwner
“To offset higher equipment prices, commercial truck fleets are employing new approaches to choosing and sourcing the right replacement parts.”
Leadership 🏆
Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50
“After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list.”
Is There a Logistics Professional in the House? - Inbound Logistics
“Even if you’re not a huge Star Trek fan, you’ve got to love Dr. McCoy—and the line he repeated so often that most of us could probably say it in our sleep: ‘(Darn) it Jim, I’m a doctor, not a _______.’”
“Disruption has come for the big yellow school bus — an inefficient, often inequitable, and extremely low-tech system that costs school districts a ton of money.”
Safety 🦺
“Roadside inspection violations more than five times the national average out-of-service rate for drivers and nearly double the average vehicle out-of-service rate resulted in a small fleet in Texas being ordered out of service as an ‘imminent hazard.’”
“A U.S. Coast Guard investigation has concluded that a Royal Caribbean International cruise ship violated a Coast Guard Captain of the Port safety zone and caused the cancellation of a SpaceX rocket launch from Cape Canaveral, Florida back in January.”
Owner-Operators 🚛
Owner-operators say no to speed-limiter mandate | Overdrive (overdriveonline.com)
“Since Overdrive published the above poll here at the website and began collecting readers' thoughts about a speed-limiter mandate, currently in the early stages of pursuit by the Federal Motor Carrier Safety Administration, it's been clear that objections to a mandate proliferate among the readership, most centered on safety concerns.”
Regulations ⚖️
“As the House readies consideration of fuel-centric legislation this week, senior transportation officials announced funding availability for a new safety initiative.”
Trade & Border Issues 🗺
From Sneakers to Teslas, China Lockdowns Upend Global Supply Chains | 2022-05-16 | SupplyChainBrain
“The economic consequences from China’s COVID-19 lockdowns are starting to be felt by companies and consumers across the globe, and expectations are that the reverberations will only get stronger.”
US-EU trade, technology disputes persist despite unity on Russia | AJOT.COM
“The US and EU celebrated a transatlantic partnership reinvigorated in part by its unprecedented cooperation against Russia’s invasion of Ukraine, but the public unity masks festering trade and technology disputes.”
“Efforts are underway to get some cargo ships moving again through the Black Sea.”
TMS 🖥
Watch: Digital Data Drives Supply Chain Design | SupplyChainBrain
“Digitizing data is of immense help in mitigating supply chain risks, says Bernard Tremblay, chief executive officer of the U.S. and Canada for Miebach Consulting.”
Supply Chain's Most Profitable Four-Letter Word: Data (talkinglogistics.com)
“Today, supply chain and logistics professionals are awash in all kinds of data. So, why do some companies seem to be drowning in it, while others find a way to convert it into business value?”
Customer Relations 🤝
“A new survey shows that 87% of logistics providers are implementing real-time visibility by 2024 to help grow delivery volumes.”
Industry Forecasts 📊
Multitude of issues affecting today's trucking industry - TheTrucker.com
“The war in Ukraine, inflation and the impacts of recent COVID-19 lockdowns in China made for a rocky ride in the trucking industry in April, as reflected by reports issued by analysts at both ACT Research and FTR.”
Quote of the Day:
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”
— Steve Jobs, co-founder, Chairman and CEO of Apple Inc.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for July 31, 2025, from iLevel Logistics Inc.