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Trucking News

High fuel prices starting to hurt

Published Tuesday, May 03, 2005

Continued high diesel and gasoline prices are putting the squeeze on the bottom line on trucking and other industries that rely on vehicles to conduct their business, though so far most are managing those costs well enough to stay profitable. “Fuel expense, after considering fuel surcharge collections and the cost impact of owner-operator fuel reimbursements and lower miles per gallon due to the new truck engines, had a one-cent negative impact on our earnings per share in first quarter of 2005 compared to the first quarter of 2004,” said Clarence Werner, chairman, CEO & president ...

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