Trucking and oil industry experts are warning of possible delays in fuel deliveries during the peak of the summer driving season as the pinch from the driver shortage — particularly among tanker truck drivers — could slow down service to fueling stations.
Carriers in the tank/bulk sector posted modest gains in revenue as firms dealt with positive and negative market trends. Higher prices slowed demand for fuel shipments, while increases in oil and gas drilling and production of petrochemicals boosted demand for tankers.
The driver shortage remains a challenge for trucking companies across the board, and the tank truck industry is no exception.
Tank-truck carrier Patriot Transportation Holding reported a sizeable decline in profits in its fiscal fourth quarter directly tied to hurricanes Harvey and Irma and the lose of a key customer.
Stay competitive today and solve the challenges of tomorrow with in-cab automation. See how one of the largest tank truck carriers in the USA did just that by outfitting their fleet with rugged transportation technology.April 7, 2023