Home Archives July 2008 Fuel prices hit trucking

Fuel prices hit trucking

| Print |  Email
Tuesday, July 01, 2008

STATEWIDE In the words of Oregon Trucking Association president Bob Russell, state truckers are “painfully” grappling with soaring diesel prices.

In the first week of June, the average price for diesel on the West Coast was $4.87 per gallon, nearly $2 more than a year ago. California is the priciest, at just over $5 per gallon, according to the Energy Information Administration.

The price increases hit small and independent big-rig truck operators especially hard because their profit margins are already slim. It takes $1,500 on average to fill up a truck now, Russell says, costing operators hundreds more dollars each time at the pump.

Current troubles in the overall economy equate to a “double whammy” for truckers, too, Russell says. There’s less demand for product shipping, which means less business for truckers.

Among his 784 members, Russell says truckers who haul logging and forest products are being hit the hardest. That business has dropped 50% from the same time last year.  With others, business has declined by up to 25%.

Russell says only a handful of his members so far have been forced out of business because of fuel prices. But nationwide in the first quarter of this year, the American Trucking Association reports that more than 900 operators have shut down, up from 385 last year.

At Portland-based Fleet Truck Sales, sales are down from this time last year, says Rick Vasquez, a sales representative for the company. He sees some silver lining, though, because as more operators go under, there’s more freight to be hauled for remaining operators.  

“Freight’s still gotta move, and the cost is going to be passed on,” Vasquez says.



To comment, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

More Articles

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS