For the Driver - Aug 2nd, 2023
 
 
Diesel spikes 22.2 cents
For the Driver | View online
 
August 2, 2023
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The writing has been on the wall for the past few days if not weeks, but the union for most of the less-than-truckload company and No. 6 FleetOwner 500 carrier says Yellow has submitted a legal notice that it has shut down and is filing for bankruptcy.
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Shares of the third-largest U.S. less-than-truckload carrier and No. 6 for-hire FleetOwner 500 company are, improbably, soaring while the trucking industry awaits public statements from the company ahead of a predicted Chapter 7 bankruptcy filing.
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Prices surged by double digits for the week of July 31 in every U.S. region and subregion except for one. The spike was almost 30 cents in the Midwest. And the U.S. average has risen more than 32 cents the last two weeks.
Fleets can do many things to improve fuel efficiency from the top down, but make sure you also inform your drivers about these fuel-saving tips.
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