Intermodal Contract Rates Up 12% Year Over Year, Fuel Drives Two-Thirds
Transcontinental intermodal contract rates jumped 12% year over year, but diesel price swings account for most of the increase. Excluding fuel, rates are up 5%.
#Diesel Prices
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Brent Crude Holds at $98.28 as Iran Diplomacy Stalls Price Move
International benchmark slipped 0.1% Nov. 6, leaving diesel cost outlook uncertain for small fleets.
Brent Crude Jumps to $96.95 After 9% Midterm Selloff
Oil recovered 2.5% Thursday as traders unwound the prior day's political reaction. Small fleets still paying 50% more for diesel than before the Iran war.
Diesel Supply Crunch Tightens as Refineries Run Near Capacity
War-damaged energy infrastructure and maxed-out U.S. refineries leave little room to replace lost diesel supplies, pushing fuel costs higher with no quick fix…
Diesel Futures Swing 25 Cents in Two Days on Iran Rumors
Ultra-low sulfur diesel plunged then rebounded on geopolitical chatter, but backwardation and low inventories signal tight supply ahead of heating season.
Spot Rates Up 41% YoY, Contract Resets Hit 12% as Shippers Scramble
Diesel rising faster than spot rates for six months. Shared truckload and intermodal rail see new shipper interest as fuel and contract repricing squeeze…
BP Profit Hits 18-Year High as Refining Margins Soar
Energy giant posts strongest earnings since 2008 on refinery boom, accelerating debt paydown as diesel prices stay elevated.
Brent Crude Rises 1.8% to $111.33 on Saudi Refinery Attack
Houthi strike on Saudi Arabian refinery pushes oil to highest level since early October. Every dollar adds roughly 3 cents per gallon to diesel.
Old Dominion Tonnage Up 1.6% in September After Two Years Down
LTL carrier posts first positive tonnage month since 2024, but execs say a real upcycle needs energy prices to fall.
Georgia Extends Diesel Tax Break Through Nov. 30
The state's 37.3-cent-per-gallon diesel excise tax suspension runs through Thanksgiving, cutting fuel cost for fleets running I-75 and I-85.
Reefer Rejection Rate Hits 21%, Spot Rates Up 28% Year to Date
One in five refrigerated loads is being turned down as fall harvest and diesel costs push reefer spot rates 28% higher year over year, triple the contract-rate…
Accepted Loads Down 4%, Rejection Rates Still Near 14%
Carriers are accepting fewer loads than in January, yet tender rejections remain more than double the year-ago level. The supply-side correction shows no sign…