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business12h ago
Truck companies raise fuel surcharges as Iran war affects energy prices
- Trucking firms in Indiana have nearly doubled fuel surcharges as diesel prices rise amid the Iran-related energy spike.
- Advanced Trucking has increased surcharges to as high as 80 cents per mile due to higher fuel costs.
- Industry figures say diesel costs can vary, with a typical fill-up now between $1,300 and $1,500 for a large truck.
- Indiana lawmakers have not suspended the state's diesel tax, keeping costs higher for transport operators.
- Economists link broader inflation to shipping costs, noting fuel spikes can push consumer prices higher over weeks or months.
- Indiana Motor Truck Association emphasizes that fuel remains a major operating expense after wages for many firms.
- Analysts expect continued pass-through of higher fuel costs to consumers as supply chains adjust.
- Trucks carry a wide range of goods, including heavy bulk cargo and refrigerated groceries, increasing exposure to fuel costs.
- Officials note that the increased costs may write through to consumer prices over time.
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