The Top 5 Headlines in Freight, Transportation, & Logistics
Here’s this week’s Weekly Freight Report from FLS Transportation:
- Another winter storm hits the US this week.
- Is your company looking for solutions to move your goods?
- Convoy participants and supporters face terrorist charges and frozen bank accounts.
- FMCSA has removed a Houston-based carrier, 4 Life Transport Corporation, from the roads.
- Where are the highest and lowest diesel prices in the US this week?
1. How will the weather impact your logistics this week?
This week will be reasonably quiet compared to the This week, another winter storm will hit the US starting Tuesday. Get ready for some weather-related shipping delays. The storm will produce snow and strong winds as it begins its trek from the West across the Midwest. The Southeastern part of the US will experience heavy rain and severe storms. Click here to see the storm’s timing as it crosses the US.
2. Is your company looking for solutions to move your goods?
Reefer spot rates above $3 per mile. Soaring rejection rates from truckers. Tight capacity. Farmers and ranchers, who are very price-sensitive, are seeking solutions to mitigate costs in an inflated market. Some are opting to buy tractor-trailers, but this is an expensive option as scarcity has driven truck prices sky-high. Another solution pertains to building loyal relationships with the supply chain network… like partnering with FLS Transportation (54,000 carriers & 400,000 trucks). Read more about the trucking rates here.
3. Convoy participants and supporters face terrorist charges and frozen bank accounts.
The Canadian Government made history with the invocation of the Emergencies Act, in which protesters could have their trucks towed, bank accounts frozen, insurance suspended, and apply terrorist financing rules to crowdfunding companies. For those blocking infrastructure, the government has threatened up to $100K fine, up to 1 year in jail, and seizure of licenses. Read more here.
4. FMCSA has removed a Houston-based carrier, 4 Life Transport Corporation, from the roads.
The FMCSA regulators declared that the Houston-based motor carrier 4 Life Transport Corporation is an “egregiously non-compliant” company. After one of its drivers crashed and died this month, the FMCSA placed the company out of service, declared an “imminent hazard,” and must cease all interstate/intrastate operations. The FMCSA cited many reasons for their ruling in this article.
5. Where are the highest and lowest diesel prices in the US this week?
The national average for diesel prices has topped $4 per gallon. Diesel prices have climbed 40.6 cents since the beginning of 2022 and don’t show any signs of decreasing. The most expensive diesel in the nation is found in California at $4.994 per gallon, with the cheapest diesel being found in the Gulf Coast region at $3.69 per gallon. To see diesel prices in your region, click here.
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