Loading…
Freight movement in the US grew about 6% year over year in September to November, among the fastest rates since 2011. Global trade is also expanding quickly.
A shortage of trucks has pushed freight rates and backlogs higher.
Stronger freight activity lifts diesel consumption and transport costs, supporting fuel demand through 2018. Higher freight rates raise delivered costs for feed ingredients.
hydrocarbonprocessing.comJan 26, 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.
