DIESEL UP 57 CENTS!!

The cost of diesel fuel is 57.4 cents per gallon higher than it was one year ago. The United States average is now $3.157 per gallon. California is the highest area in the country @ $3.83. The lowest is in the Gulf Coast region @ $2.94 a gallon. The Energy Information Administration sites many factors for the increase. OPEC is committed to reducing oil production until the end of 2018. Tensions between the United States and Iran are another factor. The EIA predicts that the price will climb from now through September. Carrier operations will be effected as this rising expense joins driver compensation as the factor to determine delivery cost.

 

Source: Transport Topics

DIESEL ON THE RISE!

The average price of a gallon of diesel fuel in the United States increased over 6 cents the week of April 16, 2018. The price jumped to $3.104 a gallon making it the largest single increase of the year. This price is up over 50 cents a gallon more than this time last year, when it was $2.597. Because of this volatile market, some carriers are operating trucks that run on compressed natural gas.source:transport topics

DIESEL FUEL PRICES

The U. S on-highway diesel fuel price for the week of April 22, 2018 averaged $3.133 per gallon. It has been on the rise for the past month. The most expensive region in America is on the West Coast. The price per gallon ranges from $3.616 to nearly $4.00 at $3.815. The only region in the country less than $3.00 per gallon is the Gulf Coast at $2.936. Source: www.eia.goc/ diesel

 

Shipping Companies To Impose Surcharge

Due to factors involving the trucking industry, two intermodal companies have implemented a $300 per container surcharge fee. The fee does not apply to intermodal cargo moving under the shipper’s nominated truckers. The primary challenges the industry is facing are: The Federal mandate for Electronic Logging Devices, driver shortage and increased cost of operations, and severe weather in some markets. Other companies are expected to follow suit.

 

source:MSC Mediterranean Shipping Co

source:CMA GCM(America) LLC

Transportation Costs Dilemma

Transportation costs have increased at nearly double the inflation rate. This is forcing companies across the country to raise the cost of their products to consumers.Executives from multiple companies have said that they plan on raising prices, but would not say by how much. Increased economic growth, a shortage of drivers, reduced capacity, and higher fuel prices have driven up transportation costs. This will threaten retail prices on goods from everything from hamburger to underwear.

source:www.businessinsider.com