Across the United States, gas prices are increasing. It is estimated that by summer, the price for one gallon of gasoline could be $5.
These elevated gas prices could negatively affect the trucking industry. If the economy starts to slow down, then the amount of freight could be impacted by the decline. When the freight loads are lighter, fewer trucks are needed for their transportation.
The rising gas prices will also play a large role in the trucking industry, because trucks can only be filled up with diesel fuel. This type of fuel tends to cost between 30 and 50 cents more a gallon than unleaded fuel.
Freight factoring can be done in a number of ways. To learn more about freight factoring, please contact TBS Factoring by calling 800-207-7661 today.