GSCW chat recap: Bob McDowell and John Esparza ‘Companies that have been around a long time, they don t get too excited when times are bad, and they don t get too excited when times are great either. That s just been cyclical with the oil industry’
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This fireside chat recap is from Day 5 of FreightWaves Global Supply Chain Week. Day 5 focuses on energy, mining and chemicals.
FIRESIDE CHAT TOPIC: The highs and lows of trucking in the oil patch
DETAILS: Along with the pandemic came a drop in oil prices. Since the U.S. oil patch has long been heavily dependent on debt to keep operating, it meant that there was going to be a significant squeeze on companies, especially trucking companies that haul oil, equipment, frac sand and other products needed to service oil fields around Texas.