Trucks consume a lot of fuel. The vast majority of it is petroleum-based diesel and gasoline, and fuel is the single largest operating expense for any fleet. So the current drop in oil prices is very good for the trucking business. Or is it?
Crude oil prices have fallen a jaw-dropping 30% in just the last five months, and refined fuels have closely followed suit. While forecasts didn’t predict such a deep decline, in hindsight it’s easy to understand. First, th