January 20, 2021 Update The US National average diesel price, as of January 18, sits at 2.69 / gallon, rising .31 cents since early November. After a period of both low prices and low volatility, diesel has risen 10 consecutive… Read More
Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the October 2020 Freight Market Index report
NATIONAL DIESEL PRICES A bright spot for ground shippers and carriers is the continued low cost of diesel. The DOE national average has been within 4 cents of $2.40 / gallon since April. (Data Source: EIA) OIL – WEST TEXAS… Read More
Just seven months ago, we were looking at historically low spot rates. Before the pandemic, there was already pressure on the spot market due to excess carrier capacity;
Industry experts believe that we will start to see a leveling out of the spot market, but they believe that rates will remain elevated. As we get into TL contracting season, one would anticipate the TL carriers asking for substantial rate increases to bring the SPOT/CONTRACT rate delta back into balance.
I am interested in getting other’s perspectives on why spot rates are so high, as my supposition is based on feeling and not data.
Guest commentary by Adam Gray, JBF Consulting – as provided for the July 2020 Freight Market Index report Almost every day it seems our plans are changing. Whatever we assumed were next steps yesterday often get migrated to the back… Read More
The TL market continues to be surprisingly strong with no sign of slowing. From being completely dead in April, spot rates are now up over 30% from their lows this spring and are now averaging over $2.00. This is the… Read More
In this 2-Part series, JBF Consulting explores the impact of excessive loading times on shippers and carriers and the benefits of addressing this issue.
In Part 2 here, we examine the issue from a shipper’s perspective highlighting why the issue persists and what shippers can do to address excessive detention in their DC and yard operations.
On July 1, 2020, the US House of Representatives passed the Moving Forward Act. The $1.5 trillion dollar bill touches on a wide array of transportation initiatives. Of special interest to both shippers and carriers was section 4304, which proposes a… Read More