Market Updates: Jan. 30th, 2024

Trucking —

  • As of January 29th, the national average price of diesel is $3.867.
    • Seeing a 2.9 cent increase, compared to the week prior.
  • FMCSA rulemaking on truck speed limiters is delayed again, set to be published in May.
  • In Q3 of 2023, parts and labor costs rose 1.9% – per a report by ATA Technology & Maintenance Council and Decisiv Inc.
    • On a year-over-year basis, part costs were up 0.9% and labor costs increased by4.9%, with a combined increase of 2.5%.

Rail —

  • Charleston ports continue to invest in rail to help with growth in the Southeast.
  • BNSF announces nearly $4 billion in their 2024 capital investment plan. Some of the maintenance projects include: replacing and upgrading rail; track infrastructure; and maintaining its rolling stock, per Railway Age.

Cross-Border —


  • Transport Canada is proposing a change to the Transportation of Dangerous goods regulation (TDGR).
    • Still under review but could create cost increases for companies in how they handle DG imports, new equipment investments or training employees for regulation compliance.
    • Some amendments in the proposal include: enhancing buffer car requirements, strengthening emergency response assistance plan requirements, aligning regulations with other federal rules on transportation of DGs, and more.
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