Truckload Pricing Power? Diesel Is Eating It Up
Truckload rates are up, but carrier profits still aren’t following. JB Hunt, Werner and Heartland earnings all point to the same freight market story: pricing power is back, but diesel, driver and insurance costs are eating the gains. In this update, we break down what the latest earnings say about truckload and intermodal, why road-to-rail […] The post Truckload Pricing Power? Diesel Is Eating…
Diesel fuel prices have surged 72% year-over-year, negatively impacting carrier profits even as truckload rates increase. J.B. Hunt, Werner and Heartland Express earnings show that while revenue grew, net earnings only marginally improved. The rising costs of fuel, drivers and insurance are eroding profit gains. Intermodal is offering a cost advantage at 30% versus highway freight, but drayage capacity constraints hinder the shift from road to rail.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
