Even on a big day for Wall Street, there's only one #logistics stock that has hit a 52-week high: $CSX. It's got some strange stats: up just 14.8% in the 52 weeks, but up 43% since its 52-week low on April 7. A lot of that would have been post $UNP - $NSC merger reaction.

Earnings at $ROP, which owns DAT Freight & Analytics, have been greeted with an early selloff, down almost $50 per share at $358.85, a drop of about 12.2%. It's at a 52-week low. Stock is down about 32% over 52 weeks. DAT fiscal data not broken out in the release.

The eight straight weeks of declines in the DOE/EIA average retail #diesel price seem like a long time ago. With this increase, the price has added back 16.5 cts/g since that downward slide concluded. Geopolitical concerns and the deep freeze are driving oil prices higher.

If you start playing the "highest settlement since" game with CME #diesel on CME, the contract settled today at $2.6462/g, highest since $2.7011/g on 11/18. But before that, the highest was $2.6513/g almost two years ago, 4/16/2024. A truly memorable winter is having its impact.

In commodities, Monday was historic. The Midwest #aluminum premium benchmark published by S&P Global Energy but started looong ago by Platts' metals, was assessed at more than $1/pound, 1st time it surpassed a buck. It's the spread to the $ equivalent of the LME aluminum price.

For the first time in two years, $SNDR will be increasing its dividend. The quarterly payout will go to 10 cts/share, up from 9.5 cts, on March 13, payable April 8. It had been at that 9.5 cts level since March 2024. Another sign of a freight market bottom? #trucking

The shrinking of the staff at $CHRW continues. This is from the fourth quarter earnings just released. C.H. Robinson has embraced AI, it has boosted its bottom line, and the impact on the size of its workforce is pretty stark. NAST is its core brokerage activities. #trucking.

Here's the scorecard on metrics measuring the driver pool at $LSTR, a key barometer of capacity. BCOs, who lease to Landstar, are down 18.4% since the third quarter of 2023. Approved & active, who hauled at least one load in the prior 180 days, is down 28.7% since then. #trucking

First settlement above $70 since late July. #oil

Rare downturn in the number of zero emission vehicles servicing port of Long Beach. Decline of 6 is only the 2nd downturn in the last 19 months. All the decline came in battery electric vehicles; #hydrogen stayed at 101 vehicles. Remember: there's no longer any mandate. #trucking

On April 22, 2024, you could have bought a share of $CHRW at the closing price of $70.22. Today, if you timed it right, here's what you could have sold it for. #trucking

With today's settlement, ultra low sulfur #diesel on CME eclipsed an earlier Nov high. So we can say this is the highest settle since 4/5/24, when it was $2.773/g. Please note: this is the last day for Feb as the front month diesel contract. March is about 10 cts/g less than Feb.

Circle the date: #SCOTUS will hear oral arguments in the $FLO case involving the interstate status of local delivery drivers 3/25. If you never cross state lines, are you still interstate if you're at the end of an interstate process? Here's our latest: bit.ly/4aquw0o

That run where the cumulative 12-mo total is 3.3T miles is a rounding; those months actually showed a slight sequential increase in miles driven. Rounding to 2 digits took it to 3.3T. The total edged up slightly in December. The result? Another record for vehicle miles traveled.

Sudden turnaround in equity markets this a.m. has lifted 2 #logistics companies to 52-week highs: $FDX, which has had a few recently, and $XPO, which hasn't. XPO has been steady and solid: up about 12.8% in 52 weeks, 4.85% in the last 3 months but a strong 8.7% in last month.

To get accurate view of ultra low sulfur #diesel today, take the $2.533/g 2nd month settle Friday for March barrels, subtract today's front month price, also for March. Feb contract expired. That Mar-Mar calculation shows a drop today of 17.32 cts/g. Biggest drop since 6/23.

It will be interesting to see where #diesel goes from here. Spring is around the corner (hard to believe), the front month ULSD contract is way below what it was just a week ago as we roll from February to March, and this may be a high water mark for now.

Looks like the strong ISM report set off a bull market surge in #logistics and #trucking. 52-week highs today in all these stocks: $XPO, $WERN, $RUSHA, $R, $PCAR, $KNX, $JBHT, $HUBG, $GXO, $FDX, $EXPD, $CVLG, $CSX, $CMI, $CHRW and $ARCB.

Tuesday's tech selloff hit #logistics oriented tech companies. Big declines at fleet payments provider $WEX, -5.78%; $TRMB, -4.8%, $ROP, which owns DAT Freight & Analytics, -6.38%, and $MANH, - 9.99%, latter 2 both 52-week lows. $TFIN, both a financial and tech company, gained 1.34%.

Looking at $UBER Freight result, remember it's not just a digital brokerage. Legacy Transplace mostly serves shippers, is not a classic 3PL and is a growing % of Uber Freight. 4Q EBITDA breakeven performance, first in a long time, may be driven by Transplace as much as brokerage.