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Diesel Costs Cause Problems for Trucking Industry

Posted by Genie Wood on Mon, Nov 24, 2014 @ 10:39 AM

Many Americans are rejoicing at the lowered fuel costs as of late, with some places in Oklahoma City hitting as low as $2.24. However, though regular fuel costs have plummeted lately, costs for diesel remain high. In Oklahoma, diesel costs as much as $3.89 per gallon. Prices for diesel fuel fluctuate based on a number of different factors including: global crude oil prices, federal and local taxes, the costs of delivering fuel to customers, and the weather.

As the polar vortex descends upon the United States early this year, the colder weather is one of the major causes of diesel expenses. When the weather is particularly harsh, drivers must keep their trucks running throughout the night to keep warm. The weather can also slow truck drivers down considerably on the road. All of these factors combine to make fuel costs even more of a burden for drivers and trucking companies. 

While fuel costs may slow some companies down in the coming months, the experienced team at TBS Factoring Service is dedicated to ensuring that truck drivers and companies have access to the cash flow they need, when they need it. If you have customers that will not pay their invoices, we can assist you in getting back on track financially. Call (800) 207-7661 today to speak with one of our team members about what we can do for you. 

Tags: Fuel Costs, TBS Factoring Service, freight factoring, Trucking Industry, Diesel