Domestic Market Updates –
- Diesel update: As of April 29th, the average price of diesel was $3.947 a gallon. Seeing a 4.5 cent decrease from last week – per the EIA.
- Container operations: The Port of Portland will end their container operations effective this October, due to lack of state funding, financial losses increasing, and a failed search to find a permanent third-party operator.
- Wait times: Trucker wait times at Norfolk Southern’s Chicago terminal are making some progress after facing some congestion earlier this year.
- Wait times: Truck safety inspections have resumed at the border entry in El Paso, Texas. This creates longer wait times for truckers, as Texas DPS continues to stop and inspect all commercial vehicles arriving from Mexico.
- Labor: Daimler Truck North America and United Auto Workers reached a tentative agreement just mere hours before the prior contract was going to expire.
- Labor: More participants, American Train Dispatchers Association and BNSF Railway, are set to join US DOT and FRA confidential close call reporting system.
- Equipment: Chassis production is being scaled back from some intermodal chassis manufacturers due to weak demand.
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