Chart of the Week: Diesel Truck Stop Actual Price Per Gallon, National Truckload Index – USA SONAR: DTS.USA, NTI.USA
Retail diesel fuel costs (DTS) are up 33% versus April 2019, while the National Truckload Index (NTI) that measures all-in spot rates are only up 16% over the same time. The implication is that carriers are in a far worse position on the spot market than they were in 2019 as they are unable to fully pass along operating costs.
window.googletag = window.googletag || {cmd: []};...
Historic contract rate inflation will support a longer tail for efficient carriers
Chart of the Week: Spot to Contract Rate Spread (with spot fuel base at $1.20/gal) – USA SONAR: RATES12.USA
The spread between long-term contract truckload rates and spot rates has expanded beyond early pandemic amounts when demand for capacity dropped to its lowest level since the great recession in 2009. While this data point may paint a bleak picture for truckload carriers in general, this environment favors...
According to a recent Bloomberg article, electric vehicles are taking off even faster than expected and “are eating into the transportation system and taking bigger bites every year.” Soon, it predicted, the number of gas cars globally will start to shrink and could largely affect transportation, fuel costs and energy systems.
Bloomberg New Energy Finance (BNEF) predicts that there will be more than 27 million electric passenger vehicles on the road by the end of 2022. There are currently fewer...
Carriers find themselves in a hard place: The operating costs are increasing as the market for their services diminishes.
With rising fuel costs sinking truckload spot rates, carriers are seeing their margins disappear before their eyes. In fact, gaining an advantage in any aspect seems nearly impossible. In the market to buy a truck? Think again.
In July 2020, $54,000 would buy you a 3-year-old used truck, but not anymore. You’ll now have to fork over $140,000 today, according to ACT Research.
https://www.freightwaves.com/news/amid-high-costs-carriers-can-find-ways-to-do-more-with-less
We live in chaotic times. Risking a charge of war-mongering, I largely believe that the Russia-Ukraine conflict will be beneficial for the American freight and logistics industry – but only if the conflict stays isolated to eastern Europe and a global war does not break out.
Anyone who has been around trucking for any length of time understands that hurricanes and other natural disasters drive substantial freight demand. These short-term demand surges create a demand for relief supplies to...
https://www.freightwaves.com/news/war-what-is-it-good-for-american-freight-demand
It should come as no surprise: Just as you’re paying a lot more for gasoline at the pump, ship operators are paying a lot more for marine fuel. In fact, average marine fuel prices are rising even faster than landside fuel prices, and are now just a few dollars below all-time highs.
That’s bad news for shipowners, and to the extent fuel cost is passed on, bad news for cargo shippers, and, ultimately, those who buy imported goods.
The majority of cargo ships burn 0.5% sulfur fuel known as very low...
https://www.freightwaves.com/news/surging-price-of-ship-fuel-poised-to-eclipse-all-time-high
#kt-adv-heading_09037b-27, #kt-adv-heading_09037b-27 .wp-block-kadence-advancedheading {font-size:20px;font-weight:400;font-family:Montserrat;}
To view more FreightWaves infographics, click here.
https://www.freightwaves.com/news/daily-infographic-your-driving-costs
Chart of the Week: Ultra-Low Sulfur Diesel Rack Price, Diesel Truckstop Retail Price, Truckstop.com Average Van Rate per Mile – USA SONAR: ULSDR.USA, DTS.USA, TSTOPVRPM.USA
The price of diesel fuel has increased 23.8% since Aug. 23 while the average spot rate is on par with where it was prior to Labor Day. The big takeaway here is that spot rates would probably be falling more rapidly if not for the surging cost of fuel, but what does this mean for the upcoming holiday season for trucking?
Fuel...
https://www.freightwaves.com/news/surging-fuel-costs-are-masking-trucking-spot-rate-decline
#kt-adv-heading_ee6218-15, #kt-adv-heading_ee6218-15 .wp-block-kadence-advancedheading {font-size:20px;font-weight:400;font-family:Montserrat;}
To view more FreightWaves infographics, click here.
https://www.freightwaves.com/news/daily-infographic-mpg-and-your-wallet
