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Diesel Fuel Costs Hurting Shiney Wheels
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<blockquote data-quote="brett636" data-source="post: 309413" data-attributes="member: 249"><p>The last two paragraphs are very interesting, although ones I am not sure I completely agree with. </p><p></p><p>Either way, it is interesting to watch Fedex's quarterly profit reports fluctuate so much with the cost of fuel, yet ours hardly budges. With so many jets Fedex does have a higher fuel cost, but it seems UPS does a much better job of matching increased fuel expenses with increased revenues. One of the many reasons I find this company fascinating coming from a business standpoint. UPS has its vulnerabilities, but fuel costs don't seem to be one of them. </p><p></p><p>I can see how owner-operators can get a squeeze with the price of fuel going up while freight costs stay the same. Its sad that some people get squeezed out, but there will come a point when these shipping brokers will need to raise what the pay their owner operators, or they won't have them at all. I had thought for some time that being an owner operator would be a fun career, but I imagine that driving all those miles gets boring. Not to mention the stress of having to make that truck payment each month and still cover living expenses. This economy will turn around and owner operators will go back to making better money, but it will take time to weather the current storm before things get better. Think of it as survival of the fittest. In the end only the best will still be around, and they will benefit in the long run because of it.</p></blockquote><p></p>
[QUOTE="brett636, post: 309413, member: 249"] The last two paragraphs are very interesting, although ones I am not sure I completely agree with. Either way, it is interesting to watch Fedex's quarterly profit reports fluctuate so much with the cost of fuel, yet ours hardly budges. With so many jets Fedex does have a higher fuel cost, but it seems UPS does a much better job of matching increased fuel expenses with increased revenues. One of the many reasons I find this company fascinating coming from a business standpoint. UPS has its vulnerabilities, but fuel costs don't seem to be one of them. I can see how owner-operators can get a squeeze with the price of fuel going up while freight costs stay the same. Its sad that some people get squeezed out, but there will come a point when these shipping brokers will need to raise what the pay their owner operators, or they won't have them at all. I had thought for some time that being an owner operator would be a fun career, but I imagine that driving all those miles gets boring. Not to mention the stress of having to make that truck payment each month and still cover living expenses. This economy will turn around and owner operators will go back to making better money, but it will take time to weather the current storm before things get better. Think of it as survival of the fittest. In the end only the best will still be around, and they will benefit in the long run because of it. [/QUOTE]
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