Diesel fuel is by far and away the “life blood” of the motor carrier industry. On average, motor carriers consume over 38 billion gallons of diesel fuel to move over 10 billion tons of freight annually. Diesel fuel represents the highest expense of a trucking company other than labor costs and can account for up to 25% of the total operating costs of a single business.
There are not many industries that feel the direct effects of an ever …
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Fuel Price Effects on the Trucking Industry and Citizens
Class 8 Truck Orders Up Over 45% in October 2011
Is the trucking industry starting to rebound and expand? Could be! The number of customer orders on new Class 8 trucks last month was 27,700 compared to the 18,891 ordered in this same time frame last year. A truck is considered Class 8 if the gross vehicle weight rating (GVWR) is anything above 33,000 lbs, which includes all tractor trailer trucks. These Class 8 truck orders rose by 46% in October of 2011 compared to the number sold in …
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Spot Market Freight: Year in Review
The spot market in the transportation industry is extremely volatile as most players who participate in it are aware. The driving factor for this instability is the volume of freight shipping at any given time.
Supply and Demand Within the Spot Market Freight
Freight volume directly affects the supply and demand of the spot market as a whole. When freight volume is up and customers need to get their product shipped, there is often times less …
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