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A double-digit rise in diesel prices in Mexico, reported at 17 percent, is expected to push smaller trucking firms out of business. The head of a large Mexican carrier said this would lift freight rates.
Higher trucking costs and tighter capacity in Mexico raise the delivered cost of feed ingredients and grain moving by road.
joc.comWilliam B. Cassidy, Trucking }Jan 18, 2017After 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.
