After years of price volatility, #diesel consumers are finally seeing a respite, with prices steadily decreasing over recent weeks: https://lnkd.in/gBTWsUWu This stability reflects broader trends in the futures and wholesale markets, moving away from the extremes influenced by the pandemic and subsequent economic fluctuations. With oil markets showing restraint despite potential disruptors, it comes as a breather to an industry accustomed to uncertainty. As markets change, A.N. Webber Logistics leverages cutting-edge technology and industry insights to provide cost-effective, efficient logistics solutions. Our expertise in navigating market dynamics ensures that your freight is managed optimally, reducing operational costs and enhancing supply chain efficiency. With A.N. Webber, businesses can confidently adapt to market changes, ensuring timely deliveries and maximized profitability. https://lnkd.in/g-nYt9uX
A.N. Webber Logistics, Inc.’s Post
More Relevant Posts
-
Latest update from FreightWaves: The Department of Energy/Energy Information Administration reports a significant drop in the average weekly retail diesel price, down 5.3 cents a gallon to $3.894. This marks the fourth consecutive weekly decline, representing the most significant drop since Dec. 18 (and lowest recorded since Jan 29)! Hoping we'll see a positive impact from this for the #logistics industry!
Diesel benchmark down again as signs point to loosening of inventories
freightwaves.com
-
Latest update from FreightWaves: The Department of Energy/Energy Information Administration reports a significant drop in the average weekly retail diesel price, down 5.3 cents a gallon to $3.894. This marks the fourth consecutive weekly decline, representing the most significant drop since Dec. 18 (and lowest recorded since Jan 29)! Hoping we'll see a positive impact from this for the #logistics industry!
Diesel benchmark down again as signs point to loosening of inventories
freightwaves.com
-
Latest update from FreightWaves: The Department of Energy/Energy Information Administration reports a significant drop in the average weekly retail diesel price, down 5.3 cents a gallon to $3.894. This marks the fourth consecutive weekly decline, representing the most significant drop since Dec. 18 (and lowest recorded since Jan 29)! Hoping we'll see a positive impact from this for the #logistics industry!
Diesel benchmark down again as signs point to loosening of inventories
freightwaves.com
-
🦊📰 FOX LOGISTICS NEWS: After 4 increases, benchmark diesel price down third week in a row ⛽ (SOURCE: Freightwaves 7/29/24) #logistics #logisticscompany #logisticsservices #logisticsmanagment #transportation #freighttransportation #transportationlogistics #LTL #3PL #freight #supplychain #SupplyChainManagement #trucking #truckingindustry
After 4 increases, benchmark diesel price down third week in a row
freightwaves.com
-
Supply Chain Professional | Transportation Management Expert | CDL | Lean Six Sigma Black Belt | Data Analytics Specialist | Executive MBA Candidate
Diesel prices are on a downward trend, hitting their lowest since January at $3.894 per gallon, signaling potential market relief. This easing is echoed in commodity trends where a shift from backwardation to contango indicates growing inventories, hinting at stabilizing prices ahead. Meanwhile, the softening diesel market is underscored by Pilot's reported decline in fuel spreads, reflecting weaker profit margins.
Diesel benchmark down again as signs point to loosening of inventories
freightwaves.com
-
Update from the trucking market! 🚚 Diesel benchmarks are down, suggesting a potential shift in inventory levels. This could impact fuel costs and supply chain dynamics. Read this FreightWaves article to learn more and if this may affect your logistics operations. #TruckingNews #Diesel #SupplyChainInsights #Logistics
Diesel benchmark down again as signs point to loosening of inventories
freightwaves.com
-
The average retail fuel station in the U.S. saw its same-store volumes fall from 68,216 gallon per month in the second quarter to 66,784 gallons per month in the third quarter. Throughputs were down 5% compared to the same quarter last year and off an eye-popping 24.4% compared to the 3rd quarter of 2019. Rack-to-retail margins on the other hand averaged a strong 42.8cts/gal this past quarter. Up 2.9% from the previous quarter and 14.1% better than last year. When compared to the same period in 2019 the spreads were almost 60% stronger this year. Overall estimated monthly profits per site on the sale of gasoline were slightly better than last quarter. They were up more than 8% versus last year nearly 20% better than Q3 2019. Locally, margins and volumes were all over the board. For more details: https://lnkd.in/d4Exm_XX OPIS, A Dow Jones Company #gasprices #fuelprofits #Fleets #connectedCars #Conveniencestores #Convenienceretail #Economy #gasstations #q3 #oil #gasolinedemand
-
-
The retail diesel price in the U.S. recently dropped again, marking a continued trend of price decreases over several weeks: https://lnkd.in/dFTR_hMP Despite these drops in retail diesel prices, the futures market for diesel has shown an increase, indicating potential shifts in the market dynamics. This creates an unpredictable fuel cost environment that can impact operational expenses and pricing strategies for logistics providers. For Test Drive, which prides itself on transparency and efficiency in connecting shippers with carriers, understanding these fuel price dynamics is crucial. Shippers and carriers can leverage our platform to offer more predictable pricing models by locking in customer’s fuel schedules or using hedging strategies to mitigate the impact of these fluctuations. This could be a significant competitive advantage, allowing them to provide consistent and reliable pricing despite the diesel market. This ability to manage unpredictability not only enhances Test Drive’s value proposition to our clients but also aligns with our mission to streamline logistics and pass through all of the fuel and accessorials from our shippers to our carriers. Both the shipper and carrier in a “Test Drive” know the fuel rate, which can potentially lead to more sustainable and long-term partnerships in an industry that is heavily influenced by fuel costs. Learn more at https://antibroker.com/.
Key retail diesel price drops again, but is the bear market turning?
freightwaves.com
-
The diesel price rose for the first time since early April, ending a nine-week streak of decline. The average retail price climbed 7.7 cents to $3.735 a gallon, the biggest increase since February. This rise follows gains in the futures market for ultra low sulfur diesel (ULSD), the benchmark used for most fuel surcharges. Prices for ULSD jumped after weeks of decline, with some analysts pointing to a general rise in asset values and stronger-than-expected jobs data as possible reasons. However, the reasons for the increase remain unclear, with a stronger dollar (typically bearish for oil prices) and high inventories suggesting potential downward pressure in the near future. Blue5PL offers you a snapview report of this important index to determine your logistics costs. You can also access this information by clicking here: www.Blue5PL.com/fuel Blue5PL, enabling creative ways of moving freight. #Blue5PL #fuel #diesel #dieselprice #supplychain #trucking #cargo #collaboration #STL #savings #coloading #freight #freightforwarder #netzerocarbon #vamoscontodo
-
-
Executive Chairman @ TransForce | Principal, President & Managing Member | Dad + Golfer + Sailor
Promising news
It feels like ages since I’ve been able to say something of this sort: the trucking ton-mile index for October showed solid gains in freight volumes. The seasonally adjusted index is shown below, with updated seasonal adjustment factors that will carry through till October 2025 (each year, I re-estimate those factors and save down the X-13 seasonal adjustment factors for the next 12 months). Thoughts: •On a seasonally adjusted basis, ton-miles were up 0.4% in October from September and unchanged from October 2023. This is the first neutral year-over-year seasonally adjusted estimate (excluding extreme weather events) since…wait for it…September 2022. •On a not seasonally adjusted basis, output in October was up 3.3% from September and was up 0.6% year-over-year. •The year-over-year gain was driven by a mixture of increased output in manufacturing sectors like paper (https://lnkd.in/g4gmaZVf), chemicals except pharma (https://lnkd.in/g_thHQ2b), petroleum refineries & coal product plants (https://lnkd.in/gUW5fDvU), and auto parts (https://lnkd.in/g6M6jr5T) [though in fairness there was a large strike last October!], as well as parts of wholesale trade like electrical equipment & appliances (https://lnkd.in/g2Ch3GnT) [that wholesale sector set a new record for both nominal and inflation adjusted sales in October 2024]. Implication: whereas FreightWaves has been framing increased tender rejections as heavily capacity-influenced (since their tender volume data are somehow down 6% year-over-year [https://lnkd.in/gdvYhd4a]), the ton-mile index suggests a different mechanism: demand is likely up year-over-year yet capacity is down year-over-year. While January will bring the usual seasonal lull for freight volumes, the ton-mile data suggest we should see year-over-year volume gains materializing in Q1 2025. #supplychain #supplychainmanagement #freight #trucking #truckload #logistics
-
