Supply Chain Optimization

Truck Shortages And Oil

by Tom Moore on Jan 29, 2018 7:00:00 PM

Truck shortages are old and, unfortunately, recurring news.  To add insult to the incremental cost that shippers are paying to hire a truck on the spot market, gains in oil prices seem to be accelerating.  On Friday, as I write this, oil is over $66!  To put that in perspective, a year ago, a barrel cost $45… so we see a ~50% rise.  Worse, the upward pressure is being fanned by the declining value of the US dollar.  The dollar is down about 7% since June.  Summary:  expect to pay more for transportation and more in fuel surcharges!
 

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