Weekly Market Update for June 16th, 2024: Explosive Atlantic hurricane season predicted for 2024

The 2024 hurricane season forecast, a significant development by the National Ocean and Atmospheric Administration (NOAA), AccuWeather, and Colorado State University (CSU), is a joint effort. All three forecasts converge, pointing to a potentially ‘super-charged hurricane season’ in 2024. The Atlantic hurricane season officially commenced on June 1 and will continue until November.  NOAA predicts…

Weekly Market Update for June 11th, 2024: The operating costs of battery-electric trucks outweigh the benefits

Like the proponents of autonomous trucks, who have struggled to demonstrate a viable economic model in the truckload sector, early adopters of electric vehicles are in the same boat. According to Ryder System, which manages 25,000 trucks and vans for thousands of retailers and manufacturers, as trucks get heavier, the difference in operating costs between…