Diesel fuel prices have been on a steady decline throughout most of 2023, but just a few weeks ago prices started spiking again.
Between the week ending July 24 and the week ending August 14, diesel has jumped 57 cents. For the most part, trucking is at the mercy of fuel prices and those who control them. There are a few reasons behind the recent spike in prices, and all of them are external factors to trucking.
Joining Jason and Matt this week is Mike Kucharski, vice president of Chicago-area-based JKC Trucking, to explain some of the reasons prices are going up, and some ways trucking companies can weather the storm, as well as advocate for themselves.
00:00 Diesel price increase
02:05 Impact on fleets
04:08 Impact beyond the trucking industry
05:02 Lasting effect on the trucking industry and supply chain
