As fuel prices rise, the ability of last-mile delivery firms to either absorb those costs or pass them along to customers could be key to their survival.
While the early days of fuel surcharges were straightforward to calculate – although wholly unfair to shippers in many cases – that is no longer true. Many carriers struggle with explaining their fuel surcharge program to shippers, and more importantly, struggle with the budgeting aspect of a program that is historical in nature.
FreightWaves Founder and CEO Craig Fuller writes about the impact of the Russia-Ukraine conflict on the U.S. freight system
Finnair is a microcosm of the pressures on air cargo and airlines because of the airspace restrictions over Russia.
Protecting freedom in Ukraine will require economic sacrifice by many. Air cargo is already feeling the pinch.
The conflict is 8,000 miles away from North America but supply chains are global, which means any disruption around the world is a threat to their well-being. As the impact of COVID diminishes, a new geopolitical threat arises.
EIA expects gasoline and diesel prices to fall in 2022
Fuel levies hit two weeks before other surcharges and eight days after 2022 rate increases.
While times of uncertainty like these can be troubling, what goes up must come down – or at least level off. The price of diesel fuel is projected to lower to a national average of $3.09 in middle and latter parts of the coming year, offering a sigh of relief for trucking.