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US diesel prices are up about 22 percent year over year, at their highest in almost four years, according to EIA data cited in the article. Analysts expect prices to keep climbing, with carriers raising fuel surcharges and spot trucking rates up 29 percent.
Higher fuel surcharges and spot freight rates raise the delivered cost of feed ingredients and grain movements. Strong freight demand against limited trucks adds upward pressure on logistics costs.
truckandbus.net.auJon ThomsonMay 21, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
