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Long Term Oil Forecast
This summer, oil prices remained over $100 a barrel. High gas prices affected tourism and drove headlines about how the government should intervene. As we near the end of 2022 and the start of 2023, prices have thankfully leveled with increased domestic oil production. The U.S. Energy Information Administration (EIA) reports that crude oil production […]
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What You Need to Know About EMVs and Chargebacks
The Europay, MasterCard, and Visa (EMV) payment standard has had all the drama of an opera: an abrupt and sudden announcement that disrupted businesses, a difficult consumer adoption, a deadline that got pushed and pushed but arguably not pushed enough. We’re way past the April 2021 deadline, however, the drama continues. This time, it’s about […]
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The Three Most Important Mental Health Tips for Truck Drivers
Increased supply chain pressures. Driver shortages. Record oil prices. The pandemic recovery has put truck drivers at the center of never-before-seen problems. Truck driver’s continued commitment to their vocation is fundamentally what keeps our supply chain working. With this added pressure though, there’s an industry-wide push to focus on truck drivers’ mental health. Here are […]
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Thinking about electric chargers at your gas station?
As a followup to last month’s blog post about electric vehicles in the trucking industry, let’s talk about independent gas stations. Last year, The Wall Street Journal estimated it will cost gas station owners more than $100,000 to install electric charging units. The price tag of installation isn’t the only disruption to a gas station’s […]
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Are electric vehicles an immediate priority for truck stops? Not necessarily.
A June 2022 Consumer Reports article broke the news that automakers are adding pure battery electric vehicles to their lineup with a projected debut of 2024. Most notably Honda is teaming up with General Motors and using their long-range Ultium batteries. While these types of changes in automotive technology are unavoidable, it’s important to note […]
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We’re in a Bear Market. What the Heck Does That Mean?
Your phone notifications are buzzing with push alerts like, “S&P enters bear market territory,” and “Investors brace for bear market losses.” While you pickup on the vague sense of panic, you might not be exactly sure what a bear market is and what it means for you as a truck stop, gas station, or convenience […]
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What You Need to Know about Credit Card Limits at Gas Pumps
UPDATE POSTED JUNE 2022: Given the increase in the price of fuel, Visa/Mastercard have increased the authorization limits at the pump. If you are accepting EMV payments at the pump, you can set authorization limits for Visa, MasterCard, Discover & American Express no higher than $175. If you are not currently reading EMV chip cards […]
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What To Do If Your Truck Stop Still Isn’t EMV Compliant
Last April came and went. With it, the extended EMV liability shift deadline passed. Truck stops, convenience stores, and other retailers that missed the deadline now bear responsibility for fraud losses at their locations. The risk this lapsed deadline represents is tremendous, especially for small business owners. Here’s how you can better understand why so […]
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State of the Trucking Industry in 2021
Last year, the record-high demand for online goods, Personal Protective Equipment (PPE), and medical supplies strained the country’s supply chain and ultimately tested logistical efficiency. Then, as states shut down, freight volumes rapidly decreased. Revenues took a dive. The most immediately impacted people in the industry were truckers. Truck drivers were challenged to navigate potential […]
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