Slight Uptick in Diesel Prices; Crude Continues Decline
After several weeks of steady decline, on-highway diesel prices experienced a modest rise last week, the first in six weeks. The national average is up 1.4 cents to $3.954. This was only the second gain in diesel prices over the last two months.
Freight Shipping Volumes Flat, Economy ‘Stalled,’ Cass Says
Freight shipments declined slightly in May as the economy displayed more signs of slowdown, according to the Cass Freight Index for the month. Freight spending was almost unchanged as well, posting a meager 1.7 percent increase of the previous month.
Third-Party Logistics: Exclusive interview examines state of the industry
As she prepares her 22nd annual “State of Logistics” report, supply chain expert, Rosalyn Wilson, provided an exclusive forecast for the third-party logistics (3PL sector) with Supply Chain Management Review.
Court Hears ATA’s Arguments in Clean Truck Case
The U.S. Court of Appeals for the 9th Circuit heard oral arguments in the American Trucking Associations’ challenge to the Port of Los Angeles’ clean-truck concession requirements this weekend, but the three-judge panel gave no indication as to how it will rule.
ECRI Sees ‘Pronounced, Pervasive’ Downturn
The U.S. economy is taking a cyclical turn toward a “pronounced, pervasive and persistent” downturn that has already hit industrial manufacturing and will spread over the next few months, says Lakshman Achuthan, the co-founder of the Economic Cycle Research Institute.
– Ben Dundas, Web Analyst
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