The supply chain can’t catch a break…

The supply chain can’t catch a break:
  • WTI Oil hits $68/barrel
  • Road congestion costs U.S. truckers more than $42 billion in 2019 and led to 660 million hours in delays (Source: Federal Govt.)
  • Rail congestion is a worry:U.S. rail regulators are seeking detailed assessments from freight railroads on their service plans amid growing demand
 
Add to this, after a cyberattack, JBS Swift is stopping production putting livestock movements on hold.  What do you do with a truckload of hogs?
 
What is the future of diesel pricing…my crystal ball suggests increasing costs – don’t take my word for it:  “The bull recipe for the oil market is still intact: reviving demand, muted U.S. shale oil response together with controlled and restrictive supply from OPEC+, resulting in further declines in inventories and yet higher oil prices,” said Bjarne Schieldrop, chief commodities analyst at Swedish bank SEB.  (Source: Wall Street Journal)