Diesel update: The average price of diesel increased by 5.4 cents a gallon. Putting the average price of diesel at $3.812, per the U.S. EIA.
All increases across the board… the Midwest was up 6.2 cents, the USWC was up 4.4 cents, the USGC was up 7.3 cents, and the USEC was up 2.8 cents.
Tariffs: A new round of country-specific tariffs is scheduled to go into effect on August 1st—unless a trade deal is struck with the U.S. beforehand. While it’s unclear whether the deadline will be extended again, as it was in July, August 1st remains the target date for implementation.
On Monday, July 14th, the U.S. Department of Commerce announced that they are withdrawing and terminating the 2019 Agreement Suspending the Antidumping Duty Investigation on Fresh Tomatoes from Mexico. In addition, the Trump Administration is imposing a tariff (17.09%) on most tomato imports Mexico, per the International Trade Administration.
Intermodal: A possible merger between two railway heavyweights could come into fruition. It’s been recently reported by various news outlets that Norfolk Southern and Union Pacific are in talks to merge, with UP acquiring NS. While nothing is definitive at this time, it does spark conversations on what this would look like for the U.S. intermodal market. Neither railway has commented or released statements on this speculation, Freightwaves reports.
Cargo Theft: During the second quarter of this year, CargoNet found 884 supply chain theft incidents throughout the U.S. and Canada. Per CargoNet, this is a 13% increase compared to the same time last year, and a 10% increase from Q1 2025.
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