Cost of diesel hurting carriers
Wednesday, May 7th, 2008The high cost of diesel has put Atlantic Canada’s trucking industry between a rock and a hard place. Industry executive Shane Esson more aptly describes it as being in survival mode.
Skyrocketing diesel prices have put several Atlantic companies in a precarious financial position and any short-term relief is not on the horizon.
Diesel prices have increased as much as 50 per cent in the past year and trucking companies are paying in excess of $20,000 a year more per truck for fuel over last year.
“There are a lot of carriers who are right now operating at a loss,” says Mr. Esson, general manager of Keltic Transportation of Moncton. And if there are any companies making money, it’s very minimal, he says.
(more…)