Fuel Prices Hit Truckload Harder Than LTL
Less-than-truckload carriers are better able to maintain earnings in the face of rising fuel prices than truckload carriers, according to a securities analyst’s report issued just as the price of diesel fuel climbed slightly after two weeks of decline.
Oil industry analysts have been virtually unanimous in predicting little change in diesel prices — except for possible Y2K-related rises at year’s end (10-25, p. 3).
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The national average price of diesel fuel stood at $1.226 a gallon on Oct. 25, according to the Energy Information Administration. It was up 0.2 cent from the previous week and down 0.8 cent from the 1999 high of $1.234, reached on Oct. 4.
The price of diesel fuel has been rising steadily since hitting a low of about 95 cents a gallon in February.
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