Roundup

A $9,000 tow bill and a postal surcharge, but spot rates keep firming

Enforcement and fuel bit hard this week even as truckload spot rates carried Q2 momentum into the third quarter.


A North Carolina driver was billed about $9,000 after running roughly 30 minutes past a truck-parking limit, a case Land Line reports has put Charlotte's towing enforcement back under scrutiny. It is the kind of number that turns a routine stop into a week's revenue, and it headlines a stretch of freight news dominated by enforcement and cost.

Parking and inspection risk ran through the week. The Commercial Vehicle Safety Alliance's May International Roadcheck data, covered by FreightWaves, shows English language proficiency breaking into the top five driver violations for the first time — a category that can put you out of service, not just cost points. If your co-driver or a newer hire is shaky on it, that is now a real roadside exposure.

On the border, Transport Topics reports agents have blocked hundreds of drivers over cabotage violations, and a Mexican trucking group is pressing U.S. officials to clarify B-1 visa revocations it estimates have hit thousands of cross-border drivers. If you run northbound Mexico lanes, expect tighter checks and thinner capacity on the other side of the line.

Costs are climbing off the truck, too. The U.S. Postal Service has proposed a 6% peak-season surcharge on parcels for the holidays, per FreightWaves — another premium landing on shippers as year-end volume builds.

The market news, though, is genuinely better for carriers. FreightWaves reports broker RXO's truckload spot rate index posted its largest sequential gain in five years in the second quarter, with the momentum carrying into the third. ACT Research says July net trailer orders beat seasonal expectations with backlogs holding steady — a demand signal, not a lament. And the used-truck market is running strong, with sleeper inventory below COVID-era levels supporting resale values; if you own your equipment, that is equity in your favor right now.

Against that, fuel stays the sore spot. The national on-highway diesel average sat at $5.454 a gallon in the week to August 17, up 3.7% on the week and 46.9% on the year. The West Coast ($6.203) and California ($6.785) remain the priciest places to fill. That figure is a retail pump average including taxes surveyed each Monday; fleets buying on contract at truck stops pay less, so read it as direction, not as your out-the-door price.

So what do you do with it? Watch your parking clock in enforcement-heavy metros, keep ELP documentation tight, and if you're sitting on a paid-off tractor, the resale window is working for you while the spot market firms under your rates.


Elsewhere
Data behind this story
Figure 1

On-highway diesel price, National average

Dollars per gallon Source: U.S. Energy Information Administration National average. A retail pump average including taxes, surveyed every Monday. Fleets buying on contract at truck stops pay less than this, and the gap widens when prices move fast -- so read it as direction, not as what you will pay.