Diesel Sets a Record for the Second Straight Week, and the Midwest Is Taking the Hardest Hit
The EIA's Sept. 21 weekly read pushed the national average to $6.529 a gallon, a two-week gain of nearly 25 cents that landed hardest on Midwest lanes.
Nine lanes assessed every morning across ocean, air and drayage, the Seven Stars assessment panel, GRI filings and contract season — with the number and one line on why it moved.
The EIA's Sept. 21 weekly read pushed the national average to $6.529 a gallon, a two-week gain of nearly 25 cents that landed hardest on Midwest lanes.
Old Dominion's Oct. 5 general rate increase lands roughly a month ahead of last year's, matching a multi-year drift across LTL carriers toward earlier, more frequent pricing action rather than a single yearly hike.
The Energy Information Administration's own weekly survey shows the record diesel price set nine days ago has already been broken by 32 cents, as a Saudi pipeline shutdown works its way through fuel markets.
The Cass Freight Index's shipments component turned positive for the first time in 42 months — and truckload linehaul rates got there first, rising for a 20th straight month.
A Q3 market report from the digital freight broker shows spot rates catching up to contract prices in July — usually a sign that a rate cycle is about to turn.
AAR's week-ending-Sept.-5 traffic report shows total U.S. rail volume up 13.8% year over year, but the growth is lopsided — intermodal is outrunning carload by a wide margin while coal keeps sliding.