Weathering rising fuel costs requires team effort between shippers, carriers

Time:2022-07-15 Popularity:707

Dieselcosts have reached staggering levels. Rising fuel costs have affected everylink in the supply chain, across all modes of transportation. 

Companiesthroughout the industry have had difficulty weathering these costs, whichthreaten their overall profitability. 

 

Theimpact of soaring fuel prices isn’t contained to the logistics industry. 

Endconsumers ultimately feel the effects of rising energy costs via inflation.According to AAA, diesel fuel is currently sitting at an average of $5.78 pergallon. 

Meanwhile, the annual inflation rate climbed to 8.6% in May.

 

Fuel has become mostcarriers’ second-largest expense, after driver salaries. 

This has inspiredcarriers to take steps to reduce their fuel consumption through a variety ofdifferent avenues — from technology to driver training.