#fuel-costs
(32 articles)Diesel Hits All-Time High: What Supply Chains Need to Know
Retail diesel prices have reached unprecedented levels, breaking the previous all-time high of $5.82/gallon set in June 2022. The AAA national average hit $5.85/gallon on Friday, driven by a convergen
Global Freight Rates Surge on Fuel Shocks and Middle East Unrest
Global freight rates are experiencing upward pressure due to converging shocks: commodity fuel price volatility and geopolitical instability in the Middle East. These dual pressures are creating a cha
Yamato to Exit Domestic Cargo Freighter Business by 2027
Yamato Holdings, Japan's largest logistics provider, has announced a significant operational restructuring by committing to exit domestic cargo freighter operations entirely by June 2027. This decisio
Transporters Face Fuel Crunch Amid Union Levy Relief Demands
India's transportation sector is facing a significant fuel availability crisis, with unions mobilizing to demand relief measures from government on fuel levies. This bottleneck comes at a time when fr
Diesel Prices Fall Again: What It Means for Your Logistics
The Energy Information Administration (EIA) reports that the national diesel average has declined for the second consecutive time within an eight-week period, signaling a moderating trend in one of su
Diesel Prices Fall Again: What It Means for Your Logistics Costs
The Energy Information Administration (EIA) reports that the national diesel average has declined for the second consecutive time within an eight-week period, signaling potential relief for transporta
Shippers Rush to Frontload Cargo Amid Tariff and Fuel Uncertainty
Ocean carriers and importers are executing aggressive frontloading strategies in anticipation of tariff increases and elevated fuel concerns. This surge in demand is creating a race against potential
Air Cargo Rates Stable Despite Falling Demand, Capacity Tightens
Global airfreight markets are experiencing the anticipated seasonal slowdown as summer demand peaks pass, but the traditional price collapse has not materialized. WorldACD data from mid-August reveals
Diesel Prices Surge 71% Since Iran War: Supply Chain Crisis
Since the outbreak of military conflict between Iran and the U.S./Israel in late February 2024, diesel prices have surged 71% while crude oil has risen only 26%—creating an unprecedented and historica
Diesel Crack Spread Hits Record $102: What Q4 Means
The U.S. diesel crack spread—the refinery markup between crude oil and finished diesel fuel—has reached an unprecedented all-time record of approximately $102 per barrel, far exceeding the normal $15–
UPS, Amazon Deploy Fuel Surcharges to Offset Rising Costs
UPS and Amazon are implementing or adjusting fuel surcharges to mitigate the impact of rising operational costs on their parcel and last-mile delivery networks. This pricing adjustment reflects broade
ONE Posts Q1 Profit Drop Despite Revenue Gains Amid Fuel Crisis
Ocean Network Express (ONE), a major Singapore-headquartered container carrier, faced a paradoxical financial performance in Q1, reporting a 64% drop in net profit to $31 million despite revenue climb
EU Grants Spain €74M Maritime Transport Aid Amid Fuel Crisis
The European Commission has authorized €74 million in state aid to support Spain's maritime transport sector, addressing structural cost pressures from elevated fuel prices. This intervention reflects
Diesel Prices Spike 55 Cents: Major Impact on US Logistics
The energy market is experiencing severe disruption as diesel prices have surged over 55 cents per gallon in just two weeks—the largest weekly jump since the Iran War, according to the latest DOE/EIA
Postal Operators Squeezed: Parcel Growth Can't Offset Rising Costs
Global postal operators are caught in a profitability squeeze despite strong parcel volume growth driven by e-commerce expansion. According to preliminary 2025 data from the International Post Corp, t
Port of LA hits record June as tariff changes loom
The Port of Los Angeles achieved a historic milestone in June 2025, processing over 1 million TEUs—the best June in its 118-year history and only the third time it has crossed this threshold. However,
J.B. Hunt Q2 Earnings: Key Indicators for Freight Market Health
J.B. Hunt's quarterly earnings have become a critical indicator of broader freight market health, reflecting pressures across intermodal, dedicated fleet, and last-mile segments. The company's perform
39-Year Haulier Shuts as Fuel Costs Squeeze Road Freight
A long-established haulier has ceased operations after nearly four decades in business, with rising fuel costs cited as a primary driver of the shutdown. This closure represents a structural shift in
Gas Price Surges and Supply Chain Chaos Threaten Economy
Recent reports indicate that elevated gas prices combined with persistent supply chain disruptions are creating a dual-shock scenario for the U.S. economy. The surge in energy costs directly increases
Lovesac Shifts to Contract Freight Amid Rising Fuel Costs
Lovesac, a furniture and home goods retailer, is responding to elevated fuel costs by transitioning to contract freight arrangements rather than relying on spot market pricing. This tactical shift ref
Diesel Prices Fall While Futures Rally: What It Means for Freight
Retail diesel prices have declined for eight consecutive weeks, with the Department of Energy reporting a price of $4.668/gallon as of early July—a dramatic 97.2 cent drop from the May 4 peak of $5.64
New BAFs Hit Shippers Hard as Hormuz Crisis Drives Fuel Costs
The maritime industry faces renewed cost pressures as new bunker adjustment factors (BAFs) take effect on July 1, directly tied to the Hormuz closure and its impact on crude oil pricing. Shippers and
Asia Air Freight Capacity Strained as Fuel Costs Surge
Air freight capacity across Asia is experiencing significant tightening, according to Dimerco, one of the region's leading logistics providers. The constraint stems from elevated fuel costs that are p
Diesel Prices Fall for 7th Week Straight, Easing Logistics Costs
The U.S. diesel market is experiencing a notable cooling phase, with prices declining for the seventh consecutive week according to data from the Energy Information Administration (EIA). This extended
U.S.-Iran MOU Could Reopen Strait of Hormuz, Ease Global Supply Chains
A landmark 14-point memorandum of understanding between the U.S. and Iran, set to be signed in Switzerland, represents a potential turning point for global supply chains after months of Strait of Horm
Asia-US Container Rates Under Pressure; Fuel Costs May Limit Gains
The Asia-to-US container shipping corridor is experiencing upward rate pressure, driven by factors including seasonal demand patterns, capacity constraints, and shifts in trade flows. However, the mod
Fuel Price Surge Erodes Logistics Margins Across Sector
Fuel price volatility has emerged as a critical margin pressure point for logistics and transportation providers worldwide. This development signals a structural challenge to carrier profitability and
Air Freight Rates Defy Gravity Despite Capacity Recovery
Despite a steady recovery in global freighter capacity—up 4% month-on-month in May and an additional 2% in early June—air freight rates have remained stubbornly elevated across major trade lanes. The
Logistics Firms Dedicate Nearly 30% of Budgets to Fuel Costs
A comprehensive industry survey has revealed that logistics firms are allocating approximately 29.6% of their total budgets to fuel costs, highlighting fuel as a dominant operational expense in the tr
Diesel Prices Fall for Fifth Week—What It Means for Logistics
The U.S. diesel market is showing sustained price relief, with the national average declining for the fifth straight week according to the Energy Information Administration. This trend is meaningful f
UK Transport Confidence Plummets as Fuel Prices Surge
A significant confidence crisis is gripping the UK transport and logistics sector, with just 4 in 10 firms expressing confidence in their business outlook as fuel prices surge. This dramatic loss of o
Diesel Prices Fall for Fourth Week Straight: What It Means
The U.S. national average diesel price has declined for the fourth consecutive week, according to data from the Energy Information Administration (EIA). This sustained downward trend signals relief fo