Friday, July 29, 2011

Diesel Prices On The Rise. How Does this Affect Your Business?

Diesel prices have increased four times in the last 12 weeks, according to data from the Department of Energy’s Energy Information Administration (EIA), and compared to a year ago, diesel prices are up $1.03 a gallon.  As oil prices continue to rise due to the dollar’s weakness the political atmosphere surrounding the debt ceiling, the impact of the high cost of fuel continues to impact business.

Supply chain and logistics operations are negatively impacted as high fuel costs hinder the current growth that we’re seeing in freight volumes.  In addition to stinting the growth of organizations, the high prices are also causing rises in prices.  Now, more than ever, is a time to review yourorganization for efficiency.

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