Diesel Prices At All Time High
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Just when demand for shipping is at the highest levels ever, costs are becoming the main limiting factor. Many carriers report being very busy, but profit margins are being squeezed by both capital equipment spending and per-mile running expenses, especially diesel fuel, which is at an all-time high relative to the price of gasoline.
Analysts report that freight rate increases are already working through the system, and in the final equation, we can expect it to be seen in consumer prices.
The trucking industry just can't catch a break.
Just when demand for shipping is at the highest levels ever, costs are becoming the main limiting factor. Many carriers report being very busy, but profit margins are being squeezed by both capital equipment spending and per-mile running expenses, especially diesel fuel, which is at an all-time high relative to the price of gasoline.
Analysts report that freight rate increases are already working through the system, and in the final equation, we can expect it to be seen in consumer prices.