'We've seen increases in fuel costs of 50 cents per gallon in one day'

Sep 02, 2005 | 07:23 AM | Philip Burgert

Metal logistics and transportation executives and trucking companies are struggling to find diesel fuel for trucks in large areas of the United States, while individually negotiated fuel surcharge rates are climbing rapidly along with other fuel prices.

Hurricane Katrina was blamed for cutting U.S. gasoline production by about 10 percent and causing severe diesel fuel shortages initially centered on the lower Midwest and mid-South regions, but also affecting some East Coast areas.

"The biggest impact right now seems to be fuel, and it's been manifesting itself in extremely high diesel fuel prices-well over $3-that's exacerbated by the fact that you can't even get it in some locations," said Gregg A. Troian, chairman of transportation specialist Pittsburgh Logistics Systems Inc.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results