Railroads are limiting container loads into locations like Chicago. Here is why:

But there appears to be less rail traffic density as less crude oil is on the rails — half of what it was in 2020 (See graph)— but don’t forget railroads are contending with higher turnover and less ability to recruit and train.

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

Will I see you at CSCMP this year?