We have had many customers ask us recently on our thoughts on what fuel will do in 2015. The article that is attached believes fuel will average $2.85 in 2015. This is down from an average of $3.82 in 2014. With the drop in diesel fuel, many of our customers have seen their weekly fuel surcharge either drastically reduced or in some cases even a credit.
Another question that we get asked often is whether or not we hedge fuel. With the low cost of diesel currently, we are seeing this question come up more and more. The answer is no, as a company we do not hedge fuel. We have discounts from all of the major fuel suppliers and our fuel surcharge is set to update weekly so it is always adjusting with changes in the market. The discounts we get from the major suppliers is reflected in our base rates to the customers. This past year is a perfect example of why we don't hedge fuel. Had we locked in fuel a year ago we would be missing out on these low prices. This is a good article to share with your customer to give them an idea on what their fuel expense will look like this year.
Take a look at this article
http://www.truckinginfo.com/channel/fuel-smarts/news/story/2015/01/doe-diesel-to-average-2-85-in-2015.aspx
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