Market Updates: Mar. 5th, 2024

Trucking —

  • As of March 4th, the national average price of diesel is $4.022.
    • Seeing a 3.6 cent decrease from the week prior.
  • FMC releases their final rulemaking on detention and demurrage billing practices.

Rail —

  • A Norfolk Southern train derailed in Pennsylvania over the weekend. Diesel fuel and polypropylene plastic pellets spilled into the Lehigh River. No injuries to the crew. There were no evacuations or hazardous material threat to the community. 
  • Union Pacific announced last week they would add intermodal service from Barbours Cut Terminal in Houston to Dallas and Phoenix.

Weather Update

Last week massive wildfires impacted travel in parts of Texas and Oklahoma. In Texas, authorities temporarily closed Highway 136 between Borger and Amarillo on Tuesday. 

Additionally, there were other road closures that were reported by the Oklahoma Highway Patrol last Tuesday including U.S. Route 283 and County Road 37 to State Highway 15, those have since been reopened. 

The Smokehouse Creek Fire only remains 15% contained (as of Monday), many recommend avoiding roadways and highways throughout the areas, especially Interstate 40, Interstate 27, and Texas State Highway 136. 

Read today’s blog for more information. 

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