Diesel and Detroit disruptions hit trucking hard and fast

Sep 23, 2019 at 08:54 AM CST
Like an earthquake, the two major stories of the week hit trucking hard with the fallout yet to be fully measured as neither are fully resolved. The attack on Saudi Arabian oil production and the General Motors labor strike had an immediate impact to the freight market as wholesale diesel prices jumped $0.16/gallon on Monday (not including taxes), while outbound rejection rates spiked out of the Detroit market. Both events were quick and severe, but in the long run, several concerns for the trucking sector still exist.

Sep 23, 2019 at 08:54 AM CST

Like an earthquake, the two major stories of the week hit trucking hard with the fallout yet to be fully measured as neither are fully resolved. The attack on Saudi Arabian oil production and the General Motors labor strike had an immediate impact to the freight market as wholesale diesel prices jumped $0.16/gallon on Monday (not including taxes), while outbound rejection rates spiked out of the Detroit market. Both events were quick and severe, but in the long run, several concerns for the trucking sector still exist.