Momentum Freight's Weblog

Heavy haul professionals from the freight shipping industry were well represented at the CancerCare Manitoba Challenge for Life 20K Walk recently held in Winnipeg, Manitoba on June 12. This year trucking company professionals pulled out all the stops in order to fight cancer and proudly collected the most during the days walk, raising a total of $93,223 for the battle to defeat cancer. This was in addition to the long haul professionals that showed up for the Canadian Cancer Society 12-Hour Relay for Life on June 4, which included a freight forwarder or two, according to the latest reports. The money that was raised from this walk was also added to the total raised for the CancerCare Manitoba Challenge for Life 20K Walk and the desire to finally find a cure for cancer.

Cancer is a disease that most of us have had some experience with, either personally or through someone we know or love being effected by this disease. The freight trucking industry is no different and it’s good to see trucking professionals coming together with other concerned individuals around the world to raise money to combat cancer. Unfortunately, the freight quote that cancer gives those afflicted is a price that ends up costing too many humans the ultimate price, but hopefully the money raised in this walk helps find a solution that in years ahead will save lives.

The trucking industry has always had a big and caring heart for those that are suffering and this is just another example of humans in the business of transporting freight reaching out to others in the world to help out when they can. Together we can and will find a cure for cancer and raising the money we need to do the research is just part of the bigger picture.

There are freight shipping professionals that think there could be some fallout from the sinking of the Deepwater Horizon falling on the offshore oil transport industry in the days ahead in the century of the environment. The consequences of the sinking of the Transocean rig Deepwater Horizon for the offshore oil freight industry have yet to be assessed. Domestic freight carriers of oil can certainly expect the fallout from the oil and debris floating in the Gulf of Mexico. Fallout that could include increased operating costs after the nation’s most significant offshore environmental accident in decades. Higher costs that could result from increased safety regulations for freight shipping professionals in the business of transporting domestic oil to destination in the United States to cover increases in safety training, additonal safety equipment and higher insurance premiums that could result for domestic transporters of oil.

The oil sector analysts at Jefferies & Co in Houston took a look at the sinking of the Deepwater Horizon this week? What did the oil sector experts at this United States investment bank conclude? The analysts pointed to the recent criticism of the domestic oil freight shipping industry in America and the future possibility that the Deepwater Horizon disaster could have definite financial consequences for the business of transporting domestic oil in the United States. They did point out that at the moment any firm consequences for the industry are difficult to determine, but that higher costs are certainly part of the equation as the domestic oil shipping industry travels further into the century of the environment.

The consequences of the Deepwater Horizon sinking could be significant for domestic freight carriers of oil that were planning on doing more business in Florida’s offshore oil market in the years ahead. Florida Governor Charlie Crist’s previous stance on offshore drilling in Florida appears to have changed course after the sinking of the Deepwater Horizon? This week he pubicly withdrew all support for offshore drilling of domestic oil in Floria, after reportedly flying over the devastation in the Gulf of Mexico that according to sources covers at least 1,800 square miles, at present.