High diesel prices squeeze truckers
Christian Science Monitor article - High diesel prices squeeze truckers - Independent drivers have been hit especially hard, and some will be forced out of business.
High diesel prices squeeze truckers | csmonitor.com
Excerpts from the article
While all Americans are facing sticker shock at the pump these days, truckers have been hit particularly hard, watching the cost of diesel skyrocket past gasoline. The national average for diesel is hovering just above $4 a gallon, due to high crude-oil prices and rising demand for diesel, especially in China and Europe. Truckers often pay close to $1,000 to fill up a tank that might have cost $600 to fill a few years ago.
Independent truckers – those, like Campbell, who own their own rigs – are the ones being hit the hardest. They make up roughly a third of truckers. With little pricing power or ability to collect fuel surcharges, many of them are accepting hauls that barely allow them to break even or that even lose money. Conditions are bad enough that a week ago, some truckers tried scattered protest attempts – strikes, slow drives to tie up traffic, or drives to state capitols – which largely fizzled due to the unorganized nature of the industry.
End of excerpts.
Things are getting worse for the truckers and some are going broke and losing their rigs.
GOD BLESS US ALL
Christian Science Monitor article - High diesel prices squeeze truckers - Independent drivers have been hit especially hard, and some will be forced out of business.
High diesel prices squeeze truckers | csmonitor.com
Excerpts from the article
While all Americans are facing sticker shock at the pump these days, truckers have been hit particularly hard, watching the cost of diesel skyrocket past gasoline. The national average for diesel is hovering just above $4 a gallon, due to high crude-oil prices and rising demand for diesel, especially in China and Europe. Truckers often pay close to $1,000 to fill up a tank that might have cost $600 to fill a few years ago.
Independent truckers – those, like Campbell, who own their own rigs – are the ones being hit the hardest. They make up roughly a third of truckers. With little pricing power or ability to collect fuel surcharges, many of them are accepting hauls that barely allow them to break even or that even lose money. Conditions are bad enough that a week ago, some truckers tried scattered protest attempts – strikes, slow drives to tie up traffic, or drives to state capitols – which largely fizzled due to the unorganized nature of the industry.
End of excerpts.
Things are getting worse for the truckers and some are going broke and losing their rigs.
GOD BLESS US ALL