Trucking companies feeling pain at the pump

  • 📰 FOX10Phoenix
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Consumers are not the only ones feeling the pain at the pump, as gas prices continue to rise. The owner of one trucking firm says he is barely breaking even on some of his contracts as a result of fuel costs.

The owner of a transportation company in the Valley says he may have to park some of his trucks if gas prices continues to rise. FOX 10's Danielle Miller reports.Rising gas prices are hitting people hard these days, especially trucking companies and drivers.

"Typically in the summer season, we see gas prices tick up. This year we're seeing it climb up, especially because of demand," said Aldo Vasquez with AAA Arizona. Lonestar Trucking, like many other companies, has been being hit especially hard with the rising gas prices. The company delivers construction materials across the Valley, and company owner Pete Harris says every penny counts, especially considering how much fuel his company has to purchase.Harris bids jobs a few months out, and he factors in gas prices with the bids. Nowadays, with fuel costs rising so fast, he sometimes just breaks even.

"Most time, once we bid them, we're kind of stuck," said Harris. "We could back out of them, but we don’t like to upset customers, so we just try to pinpoint a number. Bidding stuff right now, we’re figuring it might be up to $4."Meanwhile, with the price of nearly everything going up, Harris says drivers are also looking to be paid more. This, he says, is leading to a shortage simply because companies aren't making enough to pay high dollars.

"I don’t blame the drivers for looking for more," said Harris. "They deserve it. They work hard. We just try to prove everything with the market, and it's just us trying to keep up with the market."Tune in to FOX 10 Phoenix for the latest news:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I won't live to see it, but they'll come a time where 'certain' countries will invade oil producing countries and 'convince' them there's a way to make a $10 barrel of oil... Just sayin'...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business owners, customers feeling the effects at the pumpsYou don’t have to go far to find high gas prices
Source: FOX10News - 🏆 581. / 51 Read more »

Box of human heads was stolen from truck after medical training event, company saysThe stolen box of human heads was on its way back to Science Care, a program that links those who donate their bodies to science to medical researchers. One of them is most certainly being used as a bong by now Thanks for the heads up! sfpd FBISacramento NSAGov dhs CIA MyrPressOffice GovPressOffice Amir at the Amsterdam Cafe is a federal agent Stop RemoteNeuralMonitoring It is torture HumanRights Constitution_underThreat SFPDChief
Source: FOXLA - 🏆 445. / 53 Read more »