Trucking News
Trucking group warns rising diesel costs are squeezing small carriers
· Source: Vm-Www2 Azurewebsites
Small trucking companies and owner-operators are feeling the pain at the pump from rapidly rising diesel prices, said the Canada Truck Operators Association (CTOA).
If prices stay elevated, the Mississauga-based advocacy group said it’s looking to government for a response and some temporary relief.
10, Canada’s volume-weighted average retail diesel price was $2.49 per litre, according to Kalibrate Canada, the association said in a news release.
With the industry facing many operating challenges in a highly competitive market with rising equipment and insurance costs, it’s the small carriers that face particularly tighter margins since recovering those costs through freight rates and fuel surcharges can take longer.
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