Tuesday, April 20, 2010

First Post - Truck Pricing and Fuel Trends

Welcome to a new blog I have started to provide updated information on trends and forecasts related to truckload pricing and fuel costs in the US. The goal is to provide a quick look at data and information that is important to shippers of all sizes to assist with understanding what is happening in the marketplace and allow better forecasting and budgeting of transportation related costs.

From the US Energy Information Administration - the projected average annual retail fuel prices are forecast at $2.95 and $3.12 per gallon for 2010 and 2011, respectively.

Link to: Detailed snapshot of current fuel indices from the EIA

The Freight Transportation Services Index (TSI) rose 0.3 percent in February from its January level, rising for the second consecutive month, the US Dept. of Transportation Statistics (BTS) reported on April 14, 2010.

The sources of data are updated by the government monthly and this information will be updated around the middle of each month. Additional sources of relevant data will be added when possible. Ideas or comments for improving the content of the blog are appreciated.



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