Weekly Transportation Update: Core Consumer Inflation Lowest in Almost Two Years

Core consumer inflation in June was tamest since August 2021.

• Pricing for freight transportation services fell in June, led by truckload.
• Diesel prices rise as crude oil hits its highest price since April.
• Van segment spot rates retreat as expected during the July 4 holiday week.
• Intermodal and rail carload volumes are hit by the holiday and Canadian port strike.