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How Would a Rail Strike Affect Specialty Oil Supply Security? Strikes In U.S. History

How Would a Rail Strike Affect Specialty Oil Supply Security? Strikes In U.S. History

by jim newell | Mar 15, 2023 | Economy, Supply Security

In the fall of 2022, an act of Congress prevented an economy-shaking national rail worker strike. But what if the strike had happened? What would be the effect on specialty oil supply security? It may seem pointless to dwell over what-ifs instead of simply wiping the...
From Crude to Your Base Oil Supplier: How Oil Prices Are Set

From Crude to Your Base Oil Supplier: How Oil Prices Are Set

by jim newell | Jan 17, 2023 | Economy, Supplier News

When your base oil supplier makes a pricing adjustment, what drives this change? It would be nice if the answer to this question was a simple summary of a few common reasons. But in reality, there are hundreds of factors that drive oil pricing changes, starting at the...
5 Ways to Cut Costs: Lessons from Specialty Oil Supply Logistics

5 Ways to Cut Costs: Lessons from Specialty Oil Supply Logistics

by jim newell | Nov 15, 2022 | Economy, Renkert News

A chain is only as strong as its weakest link, and your business is only as good as your raw materials supply chain. Principles from specialty oil supply logistics can strengthen it. Some of the following tips are specific to liquid raw material transportation. But...
Container Solutions: Solving Logistics Problems for the Customer

Container Solutions: Solving Logistics Problems for the Customer

by jim newell | Jul 1, 2022 | Renkert News, Supply Security

As containers continue to be in short supply, logistics professionals are eager to find new container solutions. It’s a problem that has only become more challenging to address since the start of the pandemic. First, the slowing of global trade and subsequent ramp-up...
Trucking Solutions: Tapping Into Underutilized Capacity

Trucking Solutions: Tapping Into Underutilized Capacity

by jim newell | Jun 1, 2022 | Renkert News, Supply Security

In the midst of ongoing national and global supply chain disruptions, finding specialty trucking solutions has become much more challenging in recent years. There are many possible reasons for this. One possibility is a national driver shortage. Experts debate this,...
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