Before the Suez spectacle unfolded across the world’s media in March, the international freight-shipping environment faced a capacity crunch, high rates and slowdowns on the West Coast ports.
U.S. diesel fuel prices have climbed 32.1% from a low in November. That is affecting transportation costs. Parcel carriers are escalating fuel surcharges, and fuel costs will be an increasing factor for over-the-road freight. The Energy Information Administration (EIA) forecasts summer diesel prices will be higher than last year.
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