Fuel Prices Are At An All-Time High General 22 Mar 2022 by Sam Levin 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.