Whippany, NJ — Jan. 14, 2024 — Suburban Propane Partners L.P., a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, announced that it has entered into a multiyear partnership with NASCAR.
Update (Aug. 22, 4:30 p.m. CDT): Just moments ago, Canadian Labour Minister Steven MacKinnon invoked powers under Section 107 of the Canada Labour Code to intervene in the dispute that brought Canada's two largest railways to a standstill. The Ministry has imposed binding arbitration and will extend rail contracts in the meantime. Operations on both Canadian National and Canadian Pacific Kansas City are expected to resume in short order.
The U.S. Department of Agriculture (USDA) Crop Report as of April 29, 2024 shows promising developments in corn and soybean planting, crucial information for the propane and renewable fuels sectors. Corn planting has climbed to 23% across the 18 states, which accounts for 92% of the corn acreage. Tracking corn progress is important for propane demand, as corn drying relies heavily on propane during the harvest season. Similarly, soybean planting in the 18 states, representing 96% of the soybean acreage, has also commenced with 16% already planted.
