Skyrocketing, record-breaking diesel fuel prices are forcing some logging and trucking operations to shut down. More shutdowns will follow. Fuel was once 25 per cent of the operational cost of running a truck, now it is up to 60 per cent plus. When it costs $1,118 to fill up a logging truck, plus the other expenses to operate, there is not a profit at the end of the day. Unlike most industries, the US timber industry cannot pass on increased costs caused by fuel and inflation. Their consumer (mills) simply ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!