Market Updates: May 14th, 2024

Domestic Market Updates –

  • Diesel update: As of May 14th, the average price of diesel was $3.848 a gallon. Seeing a 4.6 cent decrease from last week – per the EIA.
  • Labor: The Canada Industrial Relations Board (CIRB) is assessing if a potential strike by CN and CPKC rail workers could impact the health and safety of Canadians, per the JOC. This ongoing situation delays the potential strike, which could have taken place as early as May 22nd. Take a closer look at these negotiations.
  • Equipment: Recent data shows U.S. Class 8 truck sales reach a double digit decline (13%) in April, per Ward Intelligence. 
  • Baltimore Bridge: Maryland DOT reports a new bridge to replace the Francis Scott Key Bridge, could be completed and opened by fall 2028.
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