Domestic Market Updates –
Diesel Update: The average price of diesel increased 3.6 cents a gallon, putting the average price of diesel at $3.494 a gallon, according to the U.S. EIA.
Toll Rates: Several U.S. states are set to see toll price hikes next year. As reported by Transport Topics, tolls in Oklahoma, Ohio, Pennsylvania, New Jersey, and New York will increase by 3-15% for both passenger and commercial vehicles. Additionally, starting July 6, 2025, the Port Authority of New York and New Jersey will discontinue its truck volume discount program. This means that companies with trucks making more than 100 off-peak trips per month will no longer receive the 10% discount.
Furthermore, an appeals court in Rhode Island ruled that the RhodeWorks toll program was only unconstitutional for its toll cap, but the overall system can remain in place, FleetOwner reports. This allows the state to continue to run tolling programs that have a large focus on Class 8 tractor-trailers. Read more about Rhode Island’s tolling plan.
Truckload Rates/Capacity: Volumes throughout various mile ranges are continuing to recover, post-Thanksgiving holiday. According to data from Freightwaves, local haul volumes have rose by 3.12% compared to last year, while long-haul volumes have decreased by almost 10% year-over-year.
Throughout some of the largest domestic markets, many have seen increases in the past week. According to SONAR data from Freightwaves, here’s a break down on tender volumes based on the U.S. region:
Starting with the East Coast, Atlanta tender volumes rose by more than 10% week-over-week, while in Harrisburg, volumes saw an 8.1% increase. On the West Coast, Los Angeles tender volumes rose 9.43% week-over-week, while long-haul volumes increased by 5.76%. Over in the Midwest, Dallas tender volumes grew by 9% but tender volumes from Chicago saw a decrease of 12.6% week-over-week.
USEC/USGC Labor Negotiations: As a reminder, the current master contract between the ILA and USMX expires in less than a month (January 15th).
Truck Parking: The state of Connecticut has put forth $31 million to invest in truck parking throughout the state. Per the CTDOT, five key locations will see this funding go towards more truck parking spaces.
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