Diesel costs may hurt the trucking industry

The turbulent economy has forced many companies to seek ways to save money. For instance, fuel prices remain a difficult expense for fleets to manage, and the price of diesel keeps rising.

Experts say that fuel prices are the highest they have been in more than two years, which has hurt the bottom line for many trucking companies across the U.S., The Inland Valley Daily Bulletin reports.

Diesel prices in the state of California have increased to $3.75 per gallon, which is almost 85 cents more expensive than in 2010. During these turbulent economic times, fleet management becomes even more important in saving the company money and drivers their jobs.

"Sometimes you look at the revenue and it is barely covering the cost of fuel," Marvin Williams, who owns four trucks and manages B & W Logistics, told the news source. "You are really losing money because now you are not even covering the cost of the truck payment or the cost of the driver."

Enrolling employees in online truck driver training courses can help safety directors educate their drivers on the most fuel efficient routes and to stay current on trends that may affect their industry.

Diesel costs may hurt the trucking industry

Wednesday, February 16th, 2011