Fuel Prices Are At An All-Time High
A Transportation Industry Expert Explains The Impact
The pandemic has led to a strong rate freight environment over the past 18 months, but now the Russian-Ukraine conflict has triggered record-high fuel prices. In this video VP of Trucking Research at FTR, Avery Vise speaks about all-time high fuel prices and the impact on the freight market. Here’s the summary, lightly edited by me:
- The all-time record-high national average of Diesel prices impacting the bottom line for carriers
- Recommendations on making trucking operations as efficient as possible amid supply chain disruptions
- Potential risks of renegotiating contracts in the current environment because of the uncertainties in the market
- Carriers should closely watch consumer spending going forward vs. pandemic-era stimulus triggered boosted spending and increased freight volumes
I agree with Vise: smart carriers should have been setting aside cash to cover unusual situations like the current spike in diesel prices. I look forward to continuing to follow the latest in transportation news and helping companies who manage transportation services.
Watch the full-length interview here:
Source: All-time high fuel prices and the impact on the freight market, Youtube Video, 25 minutes 20 seconds, Posted By Commercial Carrier Journal, March 17, 2022
Sergio Sardinas | Key Contributor
Sergio has deep domain expertise starting with a dual Master’s Degree in Industrial and Manufacturing Engineering from the University of Miami. Sergio has worked as an implementation manager at one of the largest international logistics providers. A native of Miami, Florida, Sergio’s Logistics software experience comes from starting as an entry-level sales consultant at Oracle supporting Latin America and serving as a product liaison with HQ. After Oracle acquired G-Log, Sergio led their consulting practice on some of the very first OTM projects in Latin America. Fast forward 15+ years, Sergio is a passionate and highly qualified collaborative leader playing a pivotal role in delivering innovative TMS solutions that increase supply chain performance and reliability, reduce logistics costs, and build supply chain resilience.
