Diesel Soars, Truck Rates Crash: The $1.2bn Divergence Hitting Shippers

Since early July, the cost of diesel has risen steadily, while freight rates per mile have moved in the opposite direction, leaving the trucking sector caught between soaring fuel expenses and weakening revenue. The disconnect is not just a statistical oddity; it reflects deeper structural shifts in the freight market. According to FreightWaves analysts Craig Fuller and Julie Van de Kamp, the divergence is driven by supply and demand dynamics, not fuel costs. “There’s a clearing price in freight that’s set by supply and demand,” Van de Kamp said, noting…

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