Oil drop to help U.S. transport only in short-term

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 2, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Oil drop to help U.S. transport only in short-term - Reuters

    A recent dip in oil prices should boost U.S. transport companies' earnings for the current quarter, but oil is still too pricey to offer the sector any long-term relief from the many economic headaches it faces.

    Transport firms will get a short-term lift as the fuel surcharges they implemented to cope with higher oil prices finally begin to bite, while at the same time actual fuel prices fall.