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Diesel Prices Continue Decline, Canadian Crude Tumbles preview image Diesel Prices Continue Decline, Canadian Crude Tumbles article image

Diesel Prices Continue Decline, Canadian Crude Tumbles

LONDON, ON and WASHINGTON, D.C. -- Fuel prices continue falling, returning to levels seen earlier in the year while also hitting their lowest price in several years south of the border, according to figures released this week. The petroleum information services provider The Kent Group reports average Canadian cost of diesel shed another $0.006 this week, hitting $1.086 per liter. This marks its sixth consecutive weekly drop and is at its lowest level since early February. Compared to this week a year ago the average cost of diesel is down $0.212. Prices are varied across the country, averaging $1.14 per liter in the Atlantic Provinces, $1.226 in Quebec, $1.166 in Ontario and $1.16 in the Western Provinces. This happened as national average cost of regular grade gasoline fell $0.008 over the past week to $1.176 per liter, the third straight weekly decline and its lowest price since last May.

International Freight Lifts N.A. Intermodal Growth preview image International Freight Lifts N.A. Intermodal Growth article image

International Freight Lifts N.A. Intermodal Growth

CALVERTON, MD -- Intermodal freight volume jumped 4.5 percent during the second quarter of the year in North America, with international shipments surpassing expectations, according to a new report from the Intermodal Association of North America (IANA). It said despite some softening due to declining trailer volumes, domestic containers, which includes Canada and the U.S., buoyed the overall domestic market segment in the two countries with 3.5 percent growth. "International volumes displayed one of the largest increases since IANA began keeping records in 2000," said Joni Casey, president and CEO of IANA. "While much of the strong performance in second quarter was due to the recovery from the first quarter's port congestion issues, strengthening imports also played a role in pushing international volumes higher. We are also optimistic that the domestic market will continue to show gains, as the over-the-road segment begins to tighten." The seven highest-density trade corridors, accounting for 65.8 percent of total intermodal volume, rose 4 percent this quarter, just below the 4.5 percent industry average. Growth rates for each individual corridor varied widely.