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

How to boost web traffic

News
Thursday, April 10, 2014
BY JESSICA RIDGWAY  | OB WEB EDITOR

04.10.14 thumb seo-trafficSEMpdx hosted a workshop this week for entrepreneurs, website developers and others interested in search engine optimization (SEO).  Here are a few tips and tricks aimed at bumping up your search engine rankings.


Read more...

Rapid ascent

March 2014
Tuesday, February 25, 2014
IMG 4255-2BY AMY MILSHTEIN

Kelly Dachtler, president of The Clymb, redefines outdoor retail.


Read more...

What I'm reading: Brad Smith & Travis Boersma

March 2014
Tuesday, February 25, 2014

Brad Smith, founder of Hot Pepper Studios, and Travis Boersma, president of Dutch Bros. Coffee, share their recent reads.


Read more...

Branching out

March 2014
Tuesday, February 25, 2014
DSC04185BY LINDA BAKER

A blueberry bush is a blueberry bush — except when it’s a blueberry tree.


Read more...

100 Best Companies to Work for in Oregon [VIDEO]

News
Monday, March 03, 2014

Screen shot 2014-03-03 at 11.26.47 AM

Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.


Read more...

Spring thaw

News
Thursday, April 17, 2014
Spring ThawBY JASON NORRIS | OB BLOGGER

The “polar vortex” of 2014 seems to have finally thawed and we believe this change in weather will bring more sunshine to the U.S. economy as well.


Read more...

Banishing oil burners reaps benefits for schools

News
Tuesday, April 01, 2014
04.02.14 thumb co2schoolsBY APRIL STREETER | OB CONTRIBUTOR

Three years ago, PPS set out to begin to convert the 1930s-era boilers from diesel/bunker fuel to cleaner-burning natural gas. Oregon’s largest school district has realized impressive carbon dioxide emissions reductions, setting an example for public and private institutions.


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