Industry Insights
July 2025
By PGL
The diesel benchmark price surged sharply in July, hitting its highest point in nearly a year at around $3.78 per gallon. This spike marks the largest weekly increase since early 2024, fueled by tight inventories and new regulations on shipping emissions
Union workers with SMART–TD Local 457 are conducting a strike vote amid accusations that Canadian Pacific Kansas City took advantage of service issues to reduce jobs and hours. If the poll favors action, a strike could disrupt rail freight drastically.
Ocean container rates from Asia to U.S. coasts continue to decline for the fifth straight week. West Coast rates dropped by about a quarter, while East Coast rates eased slightly, reflecting weaker demand and growing carrier capacity.
Through the first half of 2025, U.S. rail freight—both carload and intermodal—has climbed nearly 4% year-over-year. Weekly volumes remain steady, driven by growth in motor vehicles, metals, and coal.
That’s it for this month’s report. Staying informed is more important than ever.
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