Earlier this month we lost a paper industry legend and a dear friend to many. This is a close-knit business we find ourselves in and the relationships we build stand the test of time. And so, it was with Tom Gallagher.
Affectionately known as Moose to his friends, Tom was born in Portsmouth, Ohio in 1947. He left us on July 5 at the age of 77. He lived his live to the fullest and those who knew him can attest to that.
Tom attended the U.S. Naval Academy and graduated from The Ohio State University in 1977. He remained a lifelong and loyal Buckeye. Many of us got to know Tom as the sales leader at MEAD during the 80’s and 90’s where he spent a majority of his career. After retiring from Mead Westvaco in 2003 he was recruited to work for the West Linn Paper Company and subsequently finished his paper career at Port Hawkesbury. Tom was larger than life in so many ways. He filled a room with laughter and energy. You would not find a more loyal friend and partner. But you did not want to test his Irish temper. He encountered physical challenges later in life and it never got him down. His spirit prevailed and he was always ready for the call. As the Irish say, “his likes will not be seen again”. And so, we leave him to the rest of his journey and cherish the memories he created with us.
Tom had 4 children and 9 grandchildren. He was preceded in death by his wife of 55 years, Cheryl (Rice) Gallagher. Safe home Tom Gallagher.
Crude oil prices started the week on the back foot on Monday, but remained close to their best levels in months amid optimism that the crude market was well on its way towards rebalancing.
U.S. West Texas Intermediate (WTI) crude futures shed 11 cents, or around 0.2%, to $51.56 a barrel by 3:20AM ET (0720GMT), remaining within sight of a five-month high reached last week.
WTI prices gained around 2% last week to notch their fourth-straight weekly climb. It ended September with an increase of roughly 9.5% and saw quarterly rise of about 12%. Click Read More below for more of the story.
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.3% in July after declining 1.8% in June. In July, the index equaled 113.7 (2015=100) compared with 113.3 in June. “While July wasn’t a strong month, we see continued evidence that the truck freight market is likely turning a corner, albeit slowly,” said ATA Chief Economist Bob Costello. “Some of July’s small gain was likely due to strong import activity, especially at West Coast seaports. Decent retail sales and factory output growing slightly from a year earlier also helped truck tonnage last month.” June’s decrease was revised down from our July 23 press release. Compared with July 2023, the index decreased 0.9%. In June, the index was down 0.6% from a year earlier.
National Average Price for Regular Unleaded Current: $2.181; Month Ago: $2.180; Year Ago: $2.693. National Average Price for Diesel Current: $2.429; Month Ago: $2.438; Year Ago: $2.980.