Inflation hits 4.2% in May as energy costs squeeze shop budgets
Real hourly earnings fell 0.7% in the biggest single-month drop in three years. What the May CPI spike means for parts, labor, and truck operating costs.
#Fuel Prices
7 posts tagged with this topic.
Natural Gas Drillers Shut Wells as Prices Tank Below Breakeven
Elevation Resources CEO says gas losses are eating half the company's revenue. What falling wellhead prices mean for fleets running CNG.
Transportation Prices Hit Record Growth Rate in May, Index at 96
Logistics Managers' Index logged a 96 reading for transportation prices in May, the fastest growth rate in the 10-year dataset, as capacity contracted and…
PCE Inflation Jumps to 3.8% in April, Highest Since May 2023
The Fed's preferred inflation gauge rose three-tenths of a point in a month as fuel prices continued to climb.
Hell Bent Xpress Owner Still Buying Trucks Despite Weak Freight
Jamie Hagen says small fleets that survive the current rate slump will find opportunity on the other side. He's still investing in equipment.
Gasoline Hits $4.48, Up 50% Since Iran War Started
Pump prices jumped 31 cents in a week as conflict drives fuel costs to levels not seen since 2022, squeezing owner-operator margins on every deadhead mile.
Werner Doubles Mexico Intermodal Fleet to 800 Containers by Year-End
Omaha carrier bets on nearshoring demand and cross-border conversion as fuel and truckload rates climb.