# Fast-growing global trade is boosting fuel demand

> 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.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67184-fast-growing-global-trade-is-boosting-fuel-demand
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Stronger freight activity lifts diesel consumption and transport costs, supporting fuel demand through 2018. Higher freight rates raise delivered costs for feed ingredients.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +7.2% | +13.8% |
| DIESEL | 2022-10-29 | [How the diesel shortage is being felt globally : NPR](https://feedsoft.ai/events/39318-how-the-diesel-shortage-is-being-felt-globally-npr.md) | -7.9% | -32.0% |
| DIESEL | 2021-06-18 | [US Trucking Boom Contributes to Rising Demand for Diesel - TT](https://feedsoft.ai/events/46789-us-trucking-boom-contributes-to-rising-demand-for-diesel-tt.md) | +4.7% | +2.0% |
| DIESEL | 2017-02-16 | [U.S. diesel demand poised for boost from freight recovery: Kemp](https://feedsoft.ai/events/72658-u-s-diesel-demand-poised-for-boost-from-freight-recovery-kemp.md) | +2.1% | -7.1% |
| DIESEL | 2021-12-01 | [The Global Energy Crunch's Effect on U.S. Fuels - DTN](https://feedsoft.ai/events/7526-the-global-energy-crunch-s-effect-on-u-s-fuels-dtn.md) | +8.0% | +15.2% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2018/01/fast-growing-global-trade-is-boosting-fuel-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.