Diesel update: The average price of diesel increased by 1.2 cents a gallon. Putting the average price of diesel at $3.739, per the U.S. EIA.
Another mixed bag this week throughout the region… the Midwest was up 1.8 cents, USWC was up 4.1 cents, the USGC was up 1.4 cents, and the USEC was down 1 cent.
Tariffs: U.S. officials have indicated that the original July 9th tariff deadline will be shifted to August 1st, as the U.S. and other countries continue with trade negotiations, per Transport Topics. The Trump Administration said they will issue formal letters to trade partners who fail to reach a deal by July 9th, warning that higher tariffs could be imposed starting August 1st, per the Guardian. Some of those letters have already been sent out with a variety of countries being informed of what percentage they will see on tariffs.
Capacity: Starting this month, Port Houston will be implementing some fees to address the excessive dwell times for reefer containers at the port, the JOC reports. The fees begin on July 1st and kick in after one week of free time for most cargo. These new fees also override the current sustained import dwell fee (at $45/day after one week).
Recent Comments