Industry Insights
August 2025
By PGL
Welcome to the PGL Industry Insights report for August 2025
As of mid-August, the national diesel benchmark fell to just over $3.75 per gallon, marking its third consecutive weekly decline. The most recent decline was the largest single-week decrease since June. Futures markets have followed suit, reflecting softer oil outlook amid peace talk hopes and strong dollar.
Late on August 18th, The bulk freighter W-Sapphire experienced a major explosion in its hold while departing Baltimore Harbor. No injuries were reported, and the vessel remains afloat under Coast Guard supervision. A wide safety perimeter has been established amid ongoing investigations.
DHL Express Canada has restored full parcel delivery services following a nearly three-week lockout and strike. The resolution came after union members ratified a four-year labor agreement, securing a wage increase of nearly 16%, enhanced benefits, and stronger worker protections—particularly against automation.
Ocean container rates—especially across trans-Pacific routes—are falling as frontloaded demand eases and ocean capacity grows. Container volumes remain elevated, but softer reshuffling of shipments is pushing freight rates downward.
That’s it for this month’s report. Subscribe to our channel to make sure you get the latest supply chain insights. As always, PGL will be here to keep you informed 24/7/365.
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