Diesel back over $4 a gallon; Mideast tensions, other worries cited
April 15, 2024
Diesel prices are back over $4 a gallon, according to the U.S. Energy Information Administration’s (EIA) weekly, on-highway survey of prices at 73,000 service stations and 9,500 truck stops around the country. Average diesel prices rose by 6.5 cents, increasing to $4.06 per gallon as of Monday, April 8. The Western states of Arizona, Nevada, Oregon and Washington saw the highest average price increase for the period, rising 11 cents to $4.26 per gallon.
Four U.S. railroads file challenges against FRA’s two-person crew mandate, says report
April 12, 2024
Following the issuing of a final rule by the United States Department of Transportation’s Federal Railroad Administration (FRA) earlier this month, establishing establishes minimum safety requirements for train crew sizes, with the new rule requiring a second crew member on all trains, four U.S.-based railroads are calling on federal appeals courts to toss out the rule, calling it “arbitrary, capricious, and an illegal abuse of discretion,” according to an Associated Press report.
XPO opens up three new services acquired through auction of Yellow’s properties and assets
April 12, 2024
XPO opened up three of the 28 service center locations it acquired through an early December court-supervised auction, in which a dozen trucking companies bought properties that resold about three-fourths of Yellow’s properties for a total of just under $1.9 billion.
FTR’s Trucking Conditions Index weakens, due to fuel price gains
April 12, 2024
For February, the most recent month for which data is available, the TCI reading came in a -5.31, down from January’s -1.41, which was ahead of December’s -4.3.
U.S. rail carload and intermodal volumes are mixed, for week ending April 6, reports AAR
April 12, 2024
Rail carloads, at 209,142, were off 4.5% annually, and intermodal containers and trailers, at 241,000 units, increased 7.6% annually.
LM Podcast Series: Examining the freight railroad and intermodal markets with Tony Hatch
April 11, 2024
In this podcast, Tony Hatch offered up his views on various aspects of the freight railroad and intermodal sectors, including: market conditions, service levels, volumes, and nearshoring, among others.
Supply Chain Stability Index sees ‘Tremendous Improvement’ in 2023
April 11, 2024
While 2023 proved to be a comeback year, there's still a ways to go before a return to pre-pandemic normalcy.
TD Cowen/AFS Freight presents mixed readings for parcel, LTL, and truckload revenues and rates
April 10, 2024
The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm TD Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, was somewhat mixed, with less-than-truckload (LTL) and truckload rates steady, and parcel rates being impacted by fuel surcharge increases and various accessorial charges amid lower demand.
