"We're basically in the center of the United States. As middle as you can get. Every class one railroad comes through Kansas City. It makes it very unique."
Freight fraud is a multi-billion-dollar problem, and the old verification model is broken. Here’s the new standard every broker needs to build toward in 2026.
S&P is cautiously optimistic about the freight recovery, but it still kept RXO's rating below investment grade. Plus: the Strait is set to reopen, Volvo pulls the safety driver, the U.S. goes after cheap trailers, and more.
Diesel prices surge 9.9¢ in a week, hitting $3.905 a gallon, marking the largest increase since March 2022.
The national average price of on-highway diesel has soared by 9.9 cents, hitting $3.905 per gallon, marking the most substantial one-week increase since March 2022.
This significant leap comes after a week of no price fluctuation, as reported by the Energy Information Administration (EIA). All ten regions surveyed by the EIA noted a rise in diesel prices. On a related note, the national average gasoline price also climbed, increasing by 3.7 cents to reach $3.596 per gallon. This fluctuation in fuel costs impacts various sectors, from logistics and transportation to consumer goods pricing.
Source: Transport Topics
Perspective on this week's increase in the DOE/EIA benchmark #diesel price: since Ukraine invasion, it's only the 9th highest. But for the 10 years prior, it would be the third highest, behind two times during hurricanes. This was a big, big move. pic.twitter.com/tf54dnSe9C
— John Kingston (@JohnHKingston) July 24, 2023
Plus, diesel's rising price streak finally snaps, a 13-year shipper relationship ends in a $726K lawsuit, Congress takes a real swing at cargo theft, and more in today's newsletter.
Plus, C.H. Robinson's 2026 rate forecast update, Hormuz tankers still stuck, a $1M LEGO heist, and more.
The March LMI reads like 2022 with prices at a 4-year high. Plus: warehouse arson in California, Mexico's trucker strike enters day three, and broker margins are still underwater.
Plus: Mexico freight anchors 2026, C.H. Robinson's in-house AI tools, Overhaul's NC theft recovery
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