How are Fuel Surcharges Calculated?

Posted by PLS Logistics July 24, 2018 at 8:00 AM

You may have heard some unwritten rules about fuel surcharges, or come across fuel surcharge calculators on the internet, but they don’t really go into depth about what is happening behind the scenes.

Knowing how to calculate a fuel surcharge will help you immensely - whether you book your own loads and set your own rates, or you lease with a company that does it all for you. This way you will know whether the surcharge your company pays you will offset your increased fuel costs.

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5 Challenges Logistics Managers Face Every Day

Posted by PLS Logistics July 10, 2018 at 8:00 AM

In present day global economics, logistics plays a key role in facilitating trade and, by extension, ensuring the success of business operations. Logistics managers have seen increasing challenges to create and keep efficient and effective logistics and supply chain methods. Here we discuss five of the biggest logistics challenges faced on a daily basis.

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What’s Up With Diesel Prices?

Posted by PLS Logistics June 14, 2018 at 8:00 AM

This past week brought some great news for truck drivers. After a long period of 11 weeks of increasing prices, the U.S. average retail price of diesel decreased, dropping by .3 cent to $3.285, according to the U.S. Department of Energy’s Energy Information Administration report on June 4.

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Trending Transportation Updates: January 2018

Posted by PLS Logistics February 1, 2018 at 7:30 AM

2018 Winter Storms Were in Full Effect

Early January was the time for snow. The East Coast was hit hard at the start of the year with snow squalls reaching as far as northern Florida. Regions around Lake Erie saw heavy snow the first week of January, with record-breaking accumulation of over 133 inches. Major roadways were shut down causing large delays and disruptions to markets with restrictions to trucking. Not long after, the major storm Inga swept through the Northeast, Midwest, and South. Inga was one of the largest winter storms in recent history. Many states were unprepared and lack the means of snow and ice removal creating gridlocks. Airports where heavily disrupted, roadways were closed, and schools/ businesses shut down.

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5 Trending Transportation Updates: June 2017

Posted by PLS Logistics July 6, 2017 at 7:45 AM

Amazon’s Purchase of Whole Foods: Major Produce Shipper on the Rise

Amazon is pending the purchase of Whole Foods for $13.7 Billion. Amazon will become a major shipper of the difficult market of fresh produce. This new player could mean serious changes for other produce shippers (Read more here).

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Market Update: Dangerously Low Fuel Costs

Posted by PLS Admin March 17, 2016 at 10:30 AM

The sharp and sustained decline in the price of oil has had far reaching consequences across the U.S. economy. There are numerous factors that have caused oil prices to drop. And now, with an excess oil supply, the effects are all encompassing, with positive and negative impacts on carriers and shippers.

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Understanding Risk for Midstream Transport

Posted by PLS Logistics December 10, 2015 at 9:30 AM

Moving over dimensional machinery, hazardous products and required equipment to natural gas processing plants and compressor stations on- or off- highway can present safety problems. Every shipment is a large risk for midstream oil companies because the penalty for an accident or non-compliance is enormous.

Oil and gas companies, especially midstream companies, face more risks as transportation becomes more competitive. In order to maintain high safety standards, companies vet and choose reliable carriers, create routing guides and track work activity. However, these activities become harder as capacity dwindles and reliable carriers are less available.

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How Do Low Oil Prices Affect Different Transportation Modes?

Posted by PLS Logistics October 1, 2015 at 11:00 AM

The price of oil, mainly due to increased output from North American fracking, has dropped significantly in the past few months. Oil affects just about every industry in the US economy, especially freight transportation.

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Why Fuel Surcharges Don’t Match Cheap Gas Prices

Posted by PLS Logistics March 3, 2015 at 8:00 AM

The cost of oil has been falling and so have gas prices; reaching lows that haven’t been seen in over a decade.  Even though diesel fuel hasn’t seen price drops like regular gasoline, carriers are still seeing a difference in their bottom line.  However, they are not profiting as you would expect. 

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Oil and Gas Companies: Expand Freight Networks Now

Posted by PLS Admin August 5, 2014 at 9:00 AM

Transportation plays a critical role in the economics of oil and gas development, and vice versa.  The need to ship Shale Gas creates a high demand for motor freight.

Today, many oil and gas industry suppliers lean heavily on the same set of core carriers.  For obvious reasons, shippers trust carriers that have been reliable in the past.  However, as the industry grows into new geographic regions, this strategy leaves companies short on capacity in an already historic year of capacity shortages.  

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