No pain like the fuel pain

Diesel: $5.07 (down 7 cents).

But, in March fuel prices were up 27%! Are brokers passing fuel surcharges (FSC) on fast enough? By their very nature, FSC is in arrears—so when prices rise fast, the carrier is playing catchup—add delays (e.g. from a broker) and carriers have a cash crunch.



Why is oil at $94/barrel today? Who knows? Maybe traders see a recession. Here are some news items:

• Germany on Friday suggested it could shut off oil imports from Russia before the end of the year.

• Ukraine urges the world’s major oil traders (Vitol, Trafigura, Glencore, etc.) to stop handling Russian crude

• Italy on Mon will sign a gas import deal with Algeria as the country scrambles to find alternative suppliers to Russia



A University of Arkansas study found that mandatory electronic logging devices on trucks haven’t reduced road accidents.

 

 
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Future delivery prices are an indication of the direction the market may go. They specifically exclude all taxes.