Trucking industry looks for new ways to save on gas
The cost of fuel has been consistently high in recent months, which is affecting the trucking industry's revenue. The Bedford Report says several companies are looking into new avenues to preserve their companies' profits for the upcoming summer season.
The for-hire truck tonnage index, researched by the American Trucking Association, found trucks were hauling less freight in April than in March. This means some trucking companies are struggling with costs and need to find ways to make ends meet in times of high gas prices.
Some companies are taking steps towards streamlining their efforts and researching ways to best save on expenses. For example, YRC Worldwide, one of the biggest international transportation providers, is starting to have its trucks operate on special motor oil that saves miles per gallon in gas. This option is also greener for the environment, which is a mirroring goal of the business.
YRC Worldwide is striving for efficiency in their methods, which in turn can boost their profits. The company has taken the first steps towards recovery in bettering their fleet management and restructuring the business so both YRC and the environment can benefit from the changes.
Monday, June 20th, 2011
The cost of fuel has been consistently high in recent months, which is affecting the trucking industry's revenue.