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Truckload spot rates have risen in 2021, averaging $3.18 per mile over the past two months versus $2.96 in late 2020. Retail diesel prices are up nearly 40% since November, which analysts say makes the freight market look tighter than it is.
Higher fuel costs and firmer truck rates raise the delivered cost of feed ingredients, particularly for buyers relying on trucking. The analysis suggests part of the rate increase reflects fuel rather than capacity tightness.
freightwaves.comZach Strickland, FW Market Expert &, Market AnalystJul 11, 2021After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
