Fox Logistics’ Post

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

This week, the price of diesel dropped by 5.9 cents to $3.789 per gallon, reaching its lowest point since July 2023. The retail price has decreased by 23 cents per gallon in the last six weeks. A decline in futures prices and weakness in the physical diesel market, among other factors, are driving the prices down. While crude oil prices haven't changed much recently, global diesel supplies are plentiful. Increased exports from the Middle East and China are putting downward pressure on prices, and even a slight shift in the market structure isn't leading to a significant stock build-up. This suggests that diesel prices are likely to stay low 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

🦊📰 FOX LOGISTICS NEWS: Benchmark diesel price near lows last seen in July (SOURCE: Freightwaves 5/20/24) #Logistics #logisticscompany #logisticsservices #logisticsmanagment #transportation #freighttransportation #transportationlogistics #LTL #3PL #freight #supplychain #SupplyChainManagement #trucking #truckingindustry

🦊📰 FOX LOGISTICS NEWS: No war for now brings another drop in benchmark diesel price, Sixth straight week of declines; key futures price settled Monday at lowest level this year (SOURCE: Freightwaves 8/19/24) #logistics #logisticscompany #logisticsservices #logisticsmanagment #transportation #freighttransportation #transportationlogistics #ltl #3PL #freight #supplychain #supplychainmanagement #trucking #truckingindustry

🦊📰 FOX LOGISTICS NEWS: Diesel benchmark up for second straight week ⛽️ (SOURCE: Freightwaves 6/24/24) #logistics #logisticscompany #logisticsservices #logisticsmanagment #transportation #freighttransportation #transportationlogistics #LTL #3pl #Freight #supplychain #supplychainmanagement #trucking #truckingindustry

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!

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!

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 Price Update - $3.625/gal As we settle into September, the latest US on-highway diesel price has dropped to $3.625 per gallon, down $0.026 from last week and $0.867 from this time last year. With Labor Day just behind us and the back-to-school season in full swing, this decline in diesel prices could have significant implications for shipping and logistics in the weeks ahead. Lower diesel costs are likely to translate into more stable shipping rates as businesses ramp up for the fall season. With the peak shipping period approaching, especially in retail and consumer goods, reduced transportation expenses can help maintain competitive pricing and keep supply chains running smoothly. Now is the perfect moment to reassess your shipping contracts and ensure you’re positioned for success as we head into the busy months ahead. For tailored insights and strategies to optimize your supply chain, request a no-obligation supply chain analysis today: https://lnkd.in/gJs3t3vc. #dieselprice #logistics #managedtransportation

The diesel price fell for the eighth consecutive week, dropping by 3.2 cents to $3.726 per gallon. The main fuel in the logistics industry is undergoing a notable decrease, influenced by a decline in the futures market. The recent fall in futures prices is linked to the surprising result of an OPEC+ meeting. The group opted to ease production cuts, which is anticipated to boost supply and continue driving prices downward. Nevertheless, it remains uncertain how rapidly retail prices will align with the decreasing futures market. 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