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Trucking is enjoying strong freight rates and tight capacity, but rising fuel prices may curb freight demand. Diesel rose nearly 72 cents year on year to about $3.29 a gallon in late May.
Higher diesel costs raise hauling expenses for feed and grain shipments and could dampen freight demand, affecting delivered feed costs.
truckinginfo.comEvan LockridgeJun 18, 2018After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
