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Article: Coming to terms with fuel surcharges.
- Article from:
- Logistics Management (Highlands Ranch, CO)
- Article date:
- November 1, 2006
CopyrightCOPYRIGHT 2006 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By John D. Schulz, Contributing Editor
Why are fuel surcharges so high? How can I keep costs under control? Here's everything you need to know about fuel surcharges but didn't know who to ask.
Fuel surcharges first appeared on the transportation scene after the first Arab oil embargo, circa 1973. They disappeared for a couple of decades before returning as a permanent addendum to motor carriers' tariffs in the mid-1990s, when diesel fuel spiked to the then-unheard-of price of $1.15 a gallon.
Now, trucking company executives say, fuel surcharges are as essential to the survival of the nation's 700,000-odd trucking companies and 2 million ...