Shame on the government (EIA)

The EIA (Energy Information Administration), which is responsible for publishing the weekly diesel fuel costs, has failed in this simple duty for June 20, June 27, and July 4. "Unfortunately, we will not be able to publish those figures by the next scheduled release date of July 5.”

This is hard on both shippers and carriers alike.

 

More bad news: The Brotherhood of Locomotive Engineers and Trainmen union is preparing a strike authorization vote.  They haven’t had a contract for 3 years.

 

Some good news:  Spot prices from Asia to the U.S. West Coast last week wow $7600, down 15% from the previous week and off 14% from a year ago -- according to the Freightos Baltic Index.

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Future delivery prices are an indication of the direction the market may go. They specifically exclude all taxes.