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May 25, 2011

TRUCKING INDUSTRY * USA - Battling Fuel Prices: YRC Worldwide Inc. and Knight Transportation Inc.

Higher fuel costs are adversely affecting the trucking industry


Johannesburg,South Africa -Marketwire/StockCall - May 24, 2011:  ...  Trucking companies have been raising prices and tacking on fuel surcharges. Costs of switching to digital logs also hurt revenues in the beginning of the year... Higher diesel prices were partially responsible for the 19.5% decline in first quarter profits of Knight Transportation Inc.  Stronger demand, however, was the key for the company improving revenues by 12.5%. Lessening the impact of fuel costs will be key for the remainder of the year... To combat fuel costs, some companies are taking steps to improve fuel efficiency. YRC Worldwide recently began a year long process of converting its fleet to 5W motor oil. The change is expected to save the company about 100,000 gallons of fuel and lessen oil waste by nearly 30,000 gallons annually... (Photo from teamsters: YRC's trucks partner Yellow)

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