Tariffs:
A few updates from late last week and over the weekend. The United States and China reached a trade agreement, marking a significant step. Under the deal, both countries will roll back some of their tariffs. Per Executive Order, both sides agreed to a 90-day pause and will each lower tariffs down by 115%. Other U.S. measures will take place.
The tariff ripple effect has also driven increased demand for bonded warehousing, putting added pressure on trucking routes serving inland markets.
Diesel Update:
The average price of diesel decreased by 2.1 cents a gallon. Putting the average price of diesel at $3.476, per the U.S. EIA.
A mixed bag this week: the Midwest region (down 1.6 cents), USWC (up 0.7 cents), USGC (down 3.1 cents), and the USEC (down 3.3), compared to last week.
Roadcheck 2025: This week (May 13th-15th) CVSA’s International Roadcheck will take place. The key focus this year is on hours-of-service regulations and the importance of proper tire maintenance.
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