The cost of diesel fuel, a main component in the cost of trucking, is climbing rapidly. This is a hidden factor that is helping keep spot rates elevated.
Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. Predicting where wholesale rack diesel prices will go has always been tricky. SONAR, FreightWaves’ forecasting platform introduces next day wholesale rack ULSD predictive prices.
Diesel prices, like all commodities, are priced based in real-time based on the balance of supply and demand. Before we dive into how diesel prices are generated, we should discuss the two most important factors in what prices consumers will see at the pump: retail and wholesale.
Energy markets appear to believe that capacity constraints will raise diesel prices next year.
Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, […]
Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.
On today’s episode, Nick Austin and Zach Strickland discuss how winter weather is impacting tender rejections and look at retail sales and ULSD rack prices.
The big oil news of the week was OPEC deciding to cut production in an attempt to stop the price of oil from dropping further. Carriers should be happy with this in the long run but gained a short term boost to margins in the meantime.
FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.
