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| September 6, 2017 |
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MEMA
In order to help everyone understand the dynamics at play concerning supply and pricing in the wake of Harvey, MEMA President Jamie Py collected critical information from various sources and put the info in a short understandable document. Many people who have no understanding of the industry at times make great claims about price gouging and collusion. While we don’t expect everyone to understand how the motor fuels and heating fuels business works, we at least want them to understand the market enough to know that the local retailer does not control the wholesale prices and is not colluding with his or her competitor to gouge the Maine consumer.
U.S. Environmental Protection Agency
Read the full waiver here.
PR.com
On behalf of FEMA, early Monday morning Dennis K Burke mobilized several tankers to head out to Fort Hood military base outside of Houston, Texas, to help with the area’s emergency management needs in the wake of unprecedented disaster from Hurricane Harvey.
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UBS Financial Services
At UBS, the Financial Goal Analysis is our written financial plan that uses sophisticated analytics to help you evaluate whether you are on a path toward achieving your personal financial goals. When you incorporate a financial plan as part of our overall wealth management process, you’ll have a clearer vision of what steps to take along the way.
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| | MEMA / MTEC SPECIAL EVENTS |
MEMA
New Journeyman’s Prep Class on Sept. 30! Register HERE.
Check out our other upcoming classes below!
Register for the others here.
MEMA
Register here!
Federated Insurance
This webinar will explain some of the dangers of oversharing at work or with employees, and the potential claims that result when employees overshare with employers, co-workers, customers and vendors.
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Convenience Store News
More than a week after Hurricane Harvey roared ashore in southeast Texas, the convenience store channel continues to show that community is at the heart of the industry.
Here is a breakdown on how additional companies from both sides of the channel's supply chain are helping with relief efforts, as compiled by CSNews Online.
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Convenience Store News
Harvey may be lessening its hold on the southeastern region of Texas, but the economic impact of the storm is still unknown.
Planalytics estimates that the storm's economic impact could top $15 billion — similar to the impact felt from Hurricane Charley in 2004, the last Category 4 hurricane to make landfall in the U.S.
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Convenience Store News
QuickChek Corp. is not only celebrating 50 years in the convenience channel, but it is also marking its 150th store with a new design.
The Whitehouse Station-based retailer welcomed customers at its latest store on Aug. 29 in Monroe, N.J., and according to CEO Dean Durling, the location showcases QuickChek's latest prototype as it looks to redefine convenience.
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Portland Press Herald
Steven McGrath of Cape Elizabeth, a former executive in Maine’s oil industry, has been chosen by Gov. Paul LePage to head the Governor’s Energy Office.
McGrath is the past chief financial officer of Downeast Energy Corp., where he was also responsible for oil and propane supply and hedging. For the past four years, he served as the CEO of Greystone Advisors, a financial and management advisory company.
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Bangor Daily News
The Omnibus Energy Bill of 2013 was the most sweeping single piece of energy legislation so far in Gov. Paul LePage’s tenure, but lawmakers have passed a range of other bills to change the course of Maine’s energy policy in that time.
Much of the time, however, has been defined by actions not taken and deferred decisions on matters such as how to compensate small electric generators, how to let new technologies compete with utility proposals for new power lines and in what circumstances, if any, a utility’s sister company can control electric generation within their service territory.
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Convenience Store News
A federal judge has ruled against a new federal overtime regulation handed down by the Obama administration.
The rule would have nearly doubled current salary threshold from its current $23,360 to $47,476, under which virtually all workers will be eligible for mandatory time-and-a-half overtime pay. This change would make nearly 5 million currently exempt employees eligible nationwide.
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Portland Press Herald
Making lumber is a bit like peeling a banana. The peels, in this case 16-foot lengths of bark-clad hemlock, are stacked beside a small sawmill here at Treeline Inc., a diversified forestry operation on the access road to Lincoln.
But that waste wood has value. Last fall, Treeline could turn the slabs into chips and truck them an easy 17 miles along the Penobscot River to feed a biomass power plant in West Enfield. Maine lawmakers had recently approved a $13.4 million taxpayer subsidy that allowed a new owner to restart the unprofitable facility.
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Bloomberg
Oil rose to a three-week high as key refineries and pipelines restarted from shutdowns forced by Hurricane Harvey, reviving crude demand in the heart of the U.S. energy sector.
Futures added 1.2 percent in New York after closing 2.9 percent higher Tuesday, while in London Brent climbed to its highest since May 25. Although U.S. Gulf Coast refiners are working to restore operations to normal, traders are also watching the approach of another Atlantic hurricane, Irma. Motiva Enterprises LLC said its Port Arthur Refinery in Texas, the largest in the U.S., will return to 40 percent production by the end of the weekend.
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Fleet Equipment
Beyond its devastating impact to the city of Houston and the surrounding areas, the aftermath of Hurricane Harvey will impact a wide variety of commerce and business segments, and trucking is no exception. FTR has quantified preliminary numbers, gauging the impact in the overall trucking market. Hurricane Harvey’s broad swath across Texas will strongly affect over 7 percent of U.S. trucking over the next month and beyond.
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