Few businesses have the opportunity to apply a fluctuating surcharge to cover fluctuations in cost and protect profit margins. That has, however, become the norm for the transportation industry, from motor carriers to air carriers to couriers.
At present fuel prices have stabilized, but with the reduction in U.S. refining capacity and the pending embargos on some Middle Eastern imports, there is likely to be further escalation before prices cool off in the late spring. With this in mind, implementing strategies to combat rising fuel costs will help you maintain control over the total cost of goods.
What you need are strategies to mitigate rising fuel prices and develop control and predictability over transportation costs.
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