ITS Logistics May Port/Rail Ramp Freight Index: Strait of Hormuz Closure Sends Fuel Shock Through Supply Chains

The closure of the Strait of Hormuz is driving increased energy exports and rising oil prices, leading to global supply chain disruptions and domestic transportation challenges. The United States is stepping in to fill the supply gap, setting record export activity in the Gulf Coast, while simultaneously causing increases in ocean freight costs and container shipping congestion. Some shippers are now shifting to rail transport to mitigate rising fuel costs, highlighting the evolving logistics landscape.