Financial Ports

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

CLAVE 1 / 4Diesel prices have climbed steadily since early July, driven by Ukrainian drone strikes on Russian refineries.

CLAVE 2 / 4Spot truckload rates have moved in the opposite direction, dropping as intermodal rail captures longer hauls.

CLAVE 3 / 4The crack spread—the margin between crude oil and diesel—has hit all-time record highs, squeezing carrier margins.

CLAVE 4 / 4Domestic intermodal rail volume is up 34% cheaper than trucking, shifting freight from highways to eastern US rail corridors.

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