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
Below are some factors that we are following that you may find of interest. National Diesel Prices US Diesel prices went up .004 cents for the week of May 29th. This is after they had fallen every week of… Read More
by Mike Mulqueen Below are some factors that we are following that you may find of interest. National Diesel Prices In one of the few bright spots for trucking companies, US Diesel prices have fallen every week of 2020 and… Read More
BluJay Freight Market Index April 2020 Guest commentary by Mike Mulqueen, JBF Consulting Analysis The time period for this report will likely be remembered as the last “normal” quarter for a while. The impact of COVID-19 was not felt until… Read More
We are beginning to see the impact of the global shutdown in some of the transport-centric macroeconomic metrics. Below are some factors that we are following that you may find of interest. National Diesel Prices Diesel has now fallen 14 consecutive… Read More