UCO trades higher into US Gulf market
Used cooking oil (UCO) traded into the US Gulf market at 47.5 cents per lb delivered in what was...
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US trucking demand holds below freight recession levels as renewable fuel capacity rises
The Jacobsen B100 price index for biodiesel moved lower in the week to Thursday July 11, with producers reducing their prices in response to changing economic factors.
The freight industry remained in an elongated recession, according to Bank of America freight analyst Ken Hoexter. This recession continues even while renewable fuel capacity in the US is expanding.
ULSD heating oil prices were down by 4% relative to last week, while soybean oil pricing was down by 5%. Weak freight demand and rising...
