Fuel costs are possibly one of the most misunderstood items in transportation. Its impact on carriers is uneven and more nuanced than most expect.
Rising costs and stubbornly high transits could further challenge supply chains in the second half of the year.
A growing disconnect between demand and pricing is emerging across freight markets, Flexport says.
The war with Iran moved diesel up nearly 50 percent in five weeks and analysts are modeling $6 and higher if the Strait of Hormuz stays disrupted into summer. Carriers are repricing surcharges, shippers are absorbing new fees and everyone is looking for relief. The biggest lever most fleets have on their fuel budget is not an aerodynamics package or a new engine spec. It is the driver.
C.H. Robinson is waiving fees on discount-fuel cards and cash advances for contract carriers in April and May as diesel prices rise amid the Middle East conflict.
The price of fuel has spiked over the past month, but this does not always mean higher rates.
Motive and Fleetio announced an expanded integration that centralizes fuel, maintenance and telematics data to help fleet operators cut costs and ensure compliance.
Operating cost inflation is largely hidden, but fuel costs help explain why the domestic truckload market is headed for a turn.
Contract rates have grown at their fastest pace in history over the pandemic era. The contract to spot rate spread fluctuation is an argument for smarter and more efficient growth strategies for carriers.
According to a recent Bloomberg article, electric vehicles are taking off even faster than expected and “are eating into the transportation system and taking bigger bites every year.”
PowerFleet’s real-time visibility solutions have completely transformed fleet management.
FreightWaves Founder and CEO Craig Fuller writes about the impact of the Russia-Ukraine conflict on the U.S. freight system
The cost of ship fuel looks like it’s about to topple records set in 2012 and 2008.
The cost of diesel fuel, a main component in the cost of trucking, is climbing rapidly. This is a hidden factor that is helping keep spot rates elevated.
Buying a high-MPG vehicle saves you money at the pump – and there’s less carbon pollution too!
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
Learn more at SONAR.FreightWaves.com
Learn more at SONAR.FreightWaves.com
Learn more at SONAR.FreightWaves.com
