Archive for October 22nd, 2020

Average Diesel Price Declines for Sixth Time in Seven Weeks

The national average price of diesel decreased seven-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 19. The fall is the sixth drop in the past seven weeks. Trucking’s main fuel now costs $2.388 a gallon, 66.2 cents less than a year ago. Gasoline, meanwhile, dropped 1.7 cents to an […]

Post-pandemic peak, is freight still flowing into cities?

A Pew Research Center survey found that 22% of Americans moved or knew someone who movedbecause of the COVID-19 pandemic. In August, Axios reported that rents in Manhattan were falling while people searching for new homes across the U.S. on the Compass Real Estate website were up 40%. The mass exodus from major cities like […]

Container slots sell out, risking holiday ‘shipageddon’

“The ships are 100% full. The containers are 100% full. You can’t get a container built. You can’t pick up a ship from the spot market. The whole container-shipping cycle is at absolutely full pelt,” exclaimed Jeremy Nixon, CEO of Ocean Network Express (ONE), the world’s sixth-largest container line. October’s ocean container market is “unbelievable,” […]

House Democrats try to claw back COVID aid from cargo airlines

The third-ranking Democrat in the House of Representatives is asking four cargo airlines to return more than $630 million they received in emergency funding to keep workers from losing their jobs during the coronavirus pandemic, saying they aren’t entitled to the money because cargo business is roaring. South Carolina Rep. James Clyburn, the majority whip […]