Inflation, gas prices forced NC logging company to shut down

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Malaysia News News

Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business

"When you got a fleet of trucks, and you're running probably 700 to 800 miles a day, a truck is going to get five miles to the gallon," Goodson told, an ABC-affiliated network."That fuel increase kills you. And so I didn't see any way out."

It's not just rising gas prices that's making business harder for Goodson. He told News Channel 12 that there were shortages of trucks and the cost of nearly every piece of operating equipment had risen., while used car and truck prices were up by 22.7%., and we loggers are the ones where it starts," Goodson told News Channel 12."That's the grassroots; we are at the bottom of the totem pole.

In the third quarter of 2021, there were just over 9,000 logging and forestry establishments in the US, per data from the

 

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

Sleepy joe biden in th mufckng house

Would be interested to know what equipment is being sold off...

Economic meltdown 💔

Thanks Joe Biden.

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:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines