Commerce Express Weekly Road Map:
May 6th, 2025
Keeping you informed on the latest news/insights in our industry.
Tariffs: De Minimis (goods valued at or under $800) from China and Hong Kong was eliminated on May 2nd at 12:01am EDT, per an Executive Order.
Additionally, tariffs have had an impact on truckload tender volumes, with some markets (like Southern California) seeing five-year lows.
Diesel update: The average price of diesel decreased by 1.7 cents a gallon. Putting the average price of diesel at $3.497, per the U.S. EIA.
The Midwest region (down 2.4 cents), USWC (down 2 cents), USGC (down 0.9 cents), and the USEC (down 1.8 cents), all saw decreases from last week.
Roadcheck 2025: Next week kicks off CVSA’s International Roadcheck safety initiative (May 13th-15th). This year a key focus is on hours-of-service regulations and the importance of proper tire maintenance. Learn more about CVSA Roadcheck here.
Commerce Blog
Some terms appear similar, if not synonymous, with one another. Take “co-brokering” and “double brokering”. At first glance, one may assume they are used interchangeably, however the reality is quite the opposite. One is a widely used, potentially advantageous, practice, while the other is a complete risk marred with fraudulence.
The following is a look at co-brokering versus double brokering as supply chain practices.
NY/NJ Port Authority Opens Consolidated Cargo Center at JFK to Ease Truck Congestion
On April 25th the Port Authority of New York and New Jersey announced the opening of their new consolidated cargo handling center at JFK International Airport. The Port Authority is confident this new $270 million center will help streamline operations and reduce congestion.
Details of the new handling center include a 350,000 square-foot facility spanning 26 acres, per the Port Authority’s press release. They also plan to redevelop the airport’s north cargo area for present and future long-term cargo growth, through newer and more efficient cargo facilities.
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