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Cranberry Journal

Friday, October 23, 2026

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At the close · Oct 23

Diesel

Tagged stories

A yellow and grey Union Pacific diesel locomotive pulling a train of double-stacked shipping containers along a snowy track under a blue sky.
Business

Union Pacific's Revenue Rose 15 Per Cent, and 6 Per Cent Without Fuel Surcharges. At CSX, Surcharges Supplied More Than Half of a $430 Million Gain.

Union Pacific said on Thursday 22 October that third-quarter operating revenue rose 15 per cent to $7.2 billion, while freight revenue excluding fuel surcharges rose 6 per cent. CSX reported record revenue of $4.02 billion on Wednesday, up 12 per cent, with fuel surcharge revenue of $466 million against $234 million a year earlier. Both railroads paid more than $4.20 a gallon for locomotive fuel.

By Daniel Okafor  

An aerial view of a large tanker with a green hull and red deck moored at a jetty of the Primorsk oil terminal, with a second tanker at a berth in the distance and forest along the shore.
The Numbers

The First Russian Diesel Cargo Since Washington's Licence Was 40,000 Tons, Bound for Morocco. U.S. Pump Diesel Is 9 Cents Higher Than on the Day the Licence Was Signed.

Russia resumed diesel export loadings at the Baltic port of Primorsk this week, and the first reported cargo, about 40,000 metric tons, is heading to Morocco, not the United States. Deputy Prime Minister Alexander Novak said U.S. deliveries need a contract, a vessel and two to three weeks. AAA put U.S. diesel at $6.32 a gallon on Sunday, against $6.23 when the Treasury licensed Russian diesel on 9 October.

By Daniel Okafor  

A red wooden barn with white-trimmed windows stands in deep snow beside a split-rail fence and bare trees under a grey winter sky in New England.
Money

Filling a Heating-Oil Tank in Massachusetts Costs About $700 More Than Last Year. The State Has Declared an Energy Emergency.

Home heating oil averaged $6.08 a gallon in Massachusetts on 28 September, up 73 per cent from $3.52 a year earlier, and Governor Maura Healey declared a state of energy emergency on Monday. Energy-assistance directors expect households that heat with oil in the Northeast to pay about half as much again as last winter. The wholesale price has more than doubled, so the increase is already in the tank.

By Daniel Okafor  

Two American semi-trucks with refrigerated trailers parked side by side in Arizona, seen from the front.
Business

The Trucking Companies Going Bankrupt Are Small. Diesel Is Paid in Days, Freight in Months.

At least 16 trucking and delivery companies entered bankruptcy between late August and 21 September, FreightWaves found. Seven of them ran six trucks or fewer. Diesel hit a record $6.53 a gallon in the same weeks, but spot freight rates have also risen, from about $2.40 a mile a year ago to $3.42. The squeeze on small carriers is less about the price of fuel than about when they have to pay for it.

By Cory Chamberlain  

An oil refinery in Japan at dusk, with storage tanks, towers, pipework and chimneys silhouetted against a golden sky.
World

The G-7 Will Release 100 Million Barrels. Some May Already Have Been Promised in March.

The Group of Seven agreed on Friday to release 100 million barrels of diesel and crude from emergency stocks over four months, coordinated by the International Energy Agency. The statement gives no split between diesel and crude, names no countries, and describes the release as implementing existing commitments. US diesel stocks are at their lowest for late September in four decades of weekly records.

By Alison Acosta