Supply Chain Optimization

More Price Pressure = Higher Freight Costs

by Tom Moore on Jul 6, 2021 8:00:00 PM

 

Diesel price is being pushed up:
  • US refinery capacity totaled 18.1 million barrels per calendar day (b/cd) at the start of 2021 – down 0.8 million b/cd (4.5%) from 19.0 million b/cd at the start of 2020
  • While down from nearly $78/barrel – oil is still $73+
  • Meanwhile, OPEC failed in its third attempt to resolve a deadlock over oil production
Freight costs are being pushed higher despite orders for class 8 trucks being up 11% month over month and more than 60% from a year ago.  And drivers seem to be the perennial excuse for canceling customers and no-shows.
 
 
 
Topics: Supply Chain Load Building Optimization SaaS

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