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Diesel costs are straining the operations of trucking companies
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<blockquote data-quote="admin" data-source="post: 181" data-attributes="member: 1"><p>“These fuel costs are the biggest thing we’re facing right now,” said Jake Phipps, chief executive of Phipps & Co., a West Palm Beach, Fla.-based manufacturer of interior finishes and building materials for real-estate developers. He said the company’s shipping costs within the U.S. have risen 15% to 20% from last year, pushing it to make changes to its distribution operations as some customers reconsider projects because of rising costs.</p><p></p><h4>The soaring price of diesel is hitting smaller trucking fleets that make up the bulk of the highly fragmented U.S. trucking market particularly hard.</h4><p></p><p>“It’s causing us to look more closely at where a project is and what it takes to ship there,” Mr. Phipps said. “We’re trying to use rail as much as we can, which saves a little bit. But that isn’t always possible. Otherwise all we can do is pass the cost along to our customers.”</p><p></p><p>[URL unfurl="true"]https://www.wsj.com/articles/rising-diesel-costs-are-straining-u-s-truckers-shipping-operations-11652376035[/URL]</p></blockquote><p></p>
[QUOTE="admin, post: 181, member: 1"] “These fuel costs are the biggest thing we’re facing right now,” said Jake Phipps, chief executive of Phipps & Co., a West Palm Beach, Fla.-based manufacturer of interior finishes and building materials for real-estate developers. He said the company’s shipping costs within the U.S. have risen 15% to 20% from last year, pushing it to make changes to its distribution operations as some customers reconsider projects because of rising costs. [HEADING=3]The soaring price of diesel is hitting smaller trucking fleets that make up the bulk of the highly fragmented U.S. trucking market particularly hard.[/HEADING] “It’s causing us to look more closely at where a project is and what it takes to ship there,” Mr. Phipps said. “We’re trying to use rail as much as we can, which saves a little bit. But that isn’t always possible. Otherwise all we can do is pass the cost along to our customers.” [URL unfurl="true"]https://www.wsj.com/articles/rising-diesel-costs-are-straining-u-s-truckers-shipping-operations-11652376035[/URL] [/QUOTE]
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