Diesel prices soar past $3/gallon
For the first time in more than a year, average diesel prices across the U.S. are higher than $3 per gallon, according to the Department of Energy’s weekly report.
The U.S.’ average price for a gallon of on-highway diesel for the week ending March 1 is $3.072, up 9.9 cents over the previous week. Fuel prices are at their highest mark since the first week of 2020 when prices were at the year s high of $3.079, according to DOE.
During the most recent week, prices increased in all regions with the most significant increase being seen in the Rocky Mountain region, where prices jumped by 12.7 cents.
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/PRNewswire/ American Trucking Associations advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.4% in January after rising 1.2% in.
Trucking organizations are coming together to help Texans who have suffered through the loss of light, heat, water, and food after the state and its power grid were battered by successive winter storms and record low temperatures this past week.
The American Trucking Associations is rallying its members to help get relief supplies to the state’s residents. On Saturday, CNN reported 85,000 residents still had no electricity and some 15.1 million Texans about half the state’s population do not have access to safe drinking water.
Water is the focus of a relief effort organized by the ATA, which posted to Facebook Friday, Feb. 19:
Power index: Top 10 Biden appointments affecting freight markets
Leaders from across the administration connect supply chain links Top 10 picks influence rail, ocean, highway freight. (Photo: Jim Allen/FreightWaves & The White House)
While almost every cabinet department and a host of federal agencies within the executive branch touch freight and supply chains in some way, these 10 recent appointees by President Joe Biden will likely figure most prominently in steering freight transportation policy as Biden’s administration gets underway. The list is in alphabetical order by last name.
Pete Buttigieg, secretary, U.S. Department of Transportation (DOT)
(Credit: U.S. DOT)
Background: Buttigieg began campaigning for Biden almost immediately after dropping out of the presidential race in early 2020 and given the endorsement power of the popular former South Bend, Indiana, mayor, it was not a surprise he was rewarded with a cabinet post. Most would not have guessed, howeve