Enterprise Fleet recap: How carriers can power through inflation

BIO: Wettstein has been with Illinois-based Nussbaum Transportation since 1998. He spent 21 years as CFO before adding president to his title in 2021. Wettstein focuses on sales and pricing. He also holds a CDL.

Key quotes from Wettstein:

“If you look at inflation and our costs in the last two years, it’s probably exceeded the previous 15.”

“We’re watching the market closely and keep our costs in line. I mean, we’ve done it too many times: You get fat and happy, get your costs out of line, and then the market softens and you pay the piper.” 

“Fuel is up, whatever, maybe a buck in the last six weeks and so trying to adjust for that as our fuel costs have gone up [while] the spot market has cooled. We’re trying to educate our people: ‘Hey, look. Yes, we know that there’s some cooling in the spot market, but fuel prices are going up. So we need to consider that too.’”