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The STB adopted final rules on December 19 for small rate disputes, including voluntary arbitration and Final Offer Rate Review, with up to $4 million in relief over two years. The US average diesel price fell 15.8 cents to $4.596 per gallon, the sixth straight weekly decline, though still 97 cents above a year earlier.
Lower diesel prices reduce rail and truck freight costs for grain movement. Rail rate dispute rules could affect future shipping costs for grain shippers.
doi.orgDec 22, 2022After 18 past bearish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (56% higher; middle half -1.5% to +3.3%), 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.
