Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
The national average diesel price sees a dramatic increase, soaring by 22.2 cents to hit $4.127 per gallon.
There's been a substantial surge in the national average diesel price over the past weeks. The most recent increase of 22.2 cents brings the cost per gallon to $4.127. The key figures from this trend include:
These dramatic changes could potentially have broad implications for the transport industry.
Source: Transport Topics
It all starts with the price of energy, when diesel doubles in price you think that you can charge double for your service, but someone has to pay for that price hike, and I know with my company that I drive for they get 0.00 extra for there service. Can’t do that forever.
— DrRamm (@Drramm22) July 31, 2023
National average diesel price rises for the third week, up by 43.3¢ since July 17. Diesel now 75.4¢ cheaper than the same period in 2022.
Diesel prices surge 9.9¢ in a week, hitting $3.905 a gallon, marking the largest increase since March 2022.
Diesel prices see a significant decline due to weakening spot market differentials and reduced oil exports from Russia and Saudi Arabia. Amidst China's shrinking oil demand and economic challenges, the global oil market faces a period of uncertainty.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
